I am trying to create a simple parameter schema that has one mandatory text field with a default value of "xxxx". I am using this parameter schema on one of my template building blocks in order to allow passing in a text value that is used in that TBB. This is a very basic, typical scenario.
But when I open my template in template builder and look at the TBB, it does have the parameter from the schema, but it is not populated with the default value. Is this expected behaviour, a bug in Tridion, or am I missing something?