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I upgraded to 7.1 RC1 yesterday and the custom PHP code templates I had created for the previous version (7.0) don't expand anymore. It's kind of weird because custom code templates for HTML language I had also created are working the same way they did before. I tried to change the expansion key to shift+space but that doesn't work neither.
Not enough info for me. If you delete them and create them again, it works? In which context are you invoking them?
I gave it a try to RC2 today and the problem is gone.