Naming time the "fourth dimension" is a misnomer, it's not a dimension in the usual sense of the. Hence the spacetime of relativity, formulated in Minkowski space, is different than standard 4-ED Euclidean space (see http://en.wikipedia.org/wiki/Minkowski_space).
As Einstein says, "Make things as simple as possible, but not any simpler." The time as fourth dimension thing, I think, is an example of a wrong analogy pushed to make it easy for people to understand what in effect is quite hard to grasp.