$data not available / empty

I tried to create a custom node token:

Machine name: test
Type: node

PHP-Code:

dpm($data);
dpm('Hello World');

return 'test';

Test:

$node = node_load(123);
$text = '[node:test]';
$result = token_replace($text, array('node' => $node));

This always prints me "Hello World" and never the contents of $data. I also can't access $data['node'] directly - thous it's not available.
Tested with dev and current release.

Any ideas?