If the fourth "time" coordinate is a space-like coordinate, (that is, it enters metric with the same sign as x,y,z terms, not with the opposite one), then it's just a 4-dimensional Euclidean space. This coordinate then must be treated on the equal footing with x,y,z. It can not be "time" anymore. "The 3D beings of the Bizzaro Universe cannot see into the time direction of their own rest frame" can not be fulfilled, just like in Minkowski space you can not arbitrarily prohibit "seeing into" a space-like direction (say, z).
The very reason our time dimension is "time" is because it enters metric with a "minus" and therefore behaves differently from x,y,z. For example, no matter how hard you turn away from t direction, you cannot completely stop moving in time, whereas you _can_ stop moving in x direction if you turn hard enough towards y or z.