Just came across this discussion. Was reading the new MacWorld, and on page 36, it talked about this "Versions" gimmick. I tried it first in Safari, then opened Pages and no dice... there was no triangle or arrow or anything.
After reading here, I tried it in textedit, and again nothing.
I'm wondering if I may have switched something off in system preferences (which I rerely if ever visit). Maybe there is a setting in Time Machine? <<Just checked-- there is a checkbow about locking documents after a certain amount of time after the last edit, but I cannot see how that would apply to what Im seeing here.>>
I should have not tried to explore this "productivity tool" while working on an early Monday deadline, it seems. Now I've got that fiery-eyed "I'm going to get to the bottom of this" glare, as opposed to just re-writing from memory the one line I deleted.
It's times like this I must remind myself, "The computers don't work for us, we work for them."