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I've just added the latest Fuel module to fuel/modules, and I've noticed assets output paths seem to be altered - so for example setting 'combine' or 'whitespace' for js() has the rendered script tags with the js files in /assets/ rather than /assets/cache - therefore a 404. If I set asset_output to 'false' then the paths are OK.
if I replace the Asset library with the previous version, things work OK again, whether output is false or a cached option.
Have I missed something when upgrading?