The following code fails with the current standalone
(ConTeXt  ver: 2014.01.14 22:36 MKIV beta  fmt: 2014.1.14  int: english/english), but works with TL2013:

\setuppapersize[A8][A8]
\definelabel   [Qb]
               [
                 text=,
                 alternative=inright,
                 way=bytext,
                 headstyle=\ssxx,
                 headcolor=darkgray,
               ]
\starttext
\Qb[labelname]This is some text.

As in \in[labelname].
\stoptext

The problem appears to be with the alternative= key, which I do not see in the wiki for \definelabel but take to be the MKIV equivalent of the location= key (as described on the wiki for \setupdescriptions and presented in numerous examples on the mailing list). The location= key appears to be ignored, although it does not otherwise fail, when used in this snippet.

The example produces:

The same code in TL2013 produces:

Any clues about how to fix this will be greatefully accepted.

--
Rik