Shenmue I without a doubt, but not the sequel. In Shenmue II the transition was not as smooth, because the lighting was much different at 18:59 than at 19:01, they cheated changing the envirnoment too much after the cutscene.
And, gameplay and environment-wise, there was not that much of a difference between night and day in Shenmue II, as most (if not all) of the stores remained open until 22:00, and the people wandering the streets was about the same. Nothing compared to the empty streets of Yokosuka in the first game, only populated by workers going home, and drunken guys in the bars zone (a zone that incidentally was quite and depressing during the day).