I'm currently building a Wordpress theme with a Theme Options page. I used the original Wordpress Theme (Twenty Twelve) as a basis and just adjusted and added as I went along. The problem I ran into is that the page does seem to save my default settings, but when i change them in the form and hit the save button, it still only pulls up the defaults.
This is my theme-options.php, right here, that is included in my functions.php.