I've used Alfred v1 from the Mac App Store for a long time but today decided to upgrade to Alfred v2 from the web site and bought the PowerPack.
I uninstalled Alfred v1 via Launchpad and installed Alfred v2 via downloads -> unzip -> move to /Applications. Finally I entered my Powerpack code successfully.
However, when I tried to set my Alfred hotkey to Command Space, it wouldn't allow me - when I press the combination in the preference window, nothing happens. Other hotkey options (e.g. Alt Space, Double Command) work just fine. Under the preference I saw some text "Some hotkeys may not work, please refer to the help". I looked through the help but couldn't find anything relevant.
I would greatly appreciate if someone could help me reenable the hotkey I've been using for several years. It's pretty maddening not to have it available.