The latest beta (ConTeXt  ver: 2009.05.28 14:36 MKII  fmt: 2009.5.28  int: english/english) no longer processes my files: all I get is complaints about an extra \else. That is,

\definehead[LevelCHead][chapter]
\setuphead[LevelCHead][style={\tf\it},alternative=text,number=no,page=no]

\starttext

Hello world!

\LevelCHead{Hello world!} Donec placerat. Nullam nibh dolor, blandit sed, fermentum id, imperdiet sit amet, neque. Nam mollis ultrices justo. Sed tempor.

\stoptext

gets

! Extra \else.
\doplaceheadtext ...er #2}\makestrutofbox 0 \else 
                                                  \setbox 0=\ifvertical \vbo...

\dodododoconstructhead ...{\finalsectionnumber }}}
                                                  \writesection {#1}{-}{#4}\...
l.9 \LevelCHead{Hello world!}
                              Donec placerat. Nullam nibh dolor, blandit sed...



Alan