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When creating new tags the values assigned to the extended properties aren't reset. Steps to Reproduce: 1. Create a new tag (ie a writer) with extended properties. 2. Attempt to create another tag with the same extended properties without changing views. 3. Notice that the values you set for the previous tag still exist.
I could replicate this in 1.2, however attempting it against 1.4-SNAPSHOT it doesn't happen so I believe this must have got fixed in 1.3. Anyways since I can't reproduce it anymore I'm marking this as WORKSFORME.