If you write a custom pipeline component and follow its execution through the debugger, you may be surprised to find that sometimes (depending on the component's configuration), the Load method may be called twice. This is confusing behavior at first until you start looking at the values that are being pulled out of the PropertyBag that's handed in to Load.
If the design-time configuration of your pipeline (the configuration items you can set on the component within the pipeline from the Send Port/Receive Location configuration dialog) consists of only default or only non-default values, Load will only be called once. If you have more than one design-time property and some are set to default values while others have non-default values, Load will be called twice. Each call will have a distinct PropertyBag - the first will contain the default values, and the second will contain the non-default values.
Just to clarify, the "default value" is the one you provide in Visual Studio in the Properties pane when you place the component into a pipeline. When setting values at design-time, default values show up as normal text while non-default values will appear in bold.
Here's the part that can trip up your code if you don't plan for it: The PropertyBag that contains the default values contains nulls for all the non-default values, and vice versa. If your component contains more than one design-time property, make sure that it doesn't choke on nulls, as you are guaranteed to get some. A simple way to do this is to give the component object a Dictionary member or some similar type of object that can contain the design-time property values. In your Load method, include some logic that looks to see if a value already exists in that Dictionary if it finds a null.
Oh, and speaking of default values for pipeline components, you can reset all the values to defaults if you simply select a different pipeline for the Send Port/Receive Location, and then select the original pipeline again. This is the only way I know of resetting the values.