There should not be a problem with what you are trying to do...even before
6.1. Does the following example work for you?
test.cfc
--------
<cfcomponent output="no">
<cffunction name="init" output="false" returntype="void">
<cfargument name="foo" type="string" required="true">
<cfset prop = foo >
</cffunction>
<cffunction name="getProp" output="false" returntype="string">
<cfreturn prop>
</cffunction>
</cfcomponent>
test.cfm
--------
<cfset foo = CreateObject("component", "test")>
<cfset foo.init("hello")>
<cfoutput>#foo.getProp()#</cfoutput> - i still exist!
chris
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