Well, the F12 button is generally reserved for Dashboard, not Exposé, so that should answer that one.
As far as the hot corners, I would double check your System Preferences. If it is checked, then uncheck it and then recheck it.
Also a logout and login should remedy it.
Did you find a fix for this? I have this problem every so often. The last time, I fixed it by going into system prefs, then the Expose tab. Everthing looked correct, and when I exited it worked.
This time its not working though. Any ideas? I guess Ill log out, log back in.
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