I read this on another thread :-
Because if you are using One Shot AF and evaluative metering, then you have an inherent exposure lock as soon as you lock focus.
But if you allow the trigger button to do metering only, then you have two options.
1.Focus with AF-ON, then hold the button while you re-compose and take the picture, with both exposure and focus locked.
2.Focus with AF-ON, then release the button, re-compose and take the picture. The camera will not re-focus (thus effectively execute One Shot AF), but will not lock exposure.
If you focus with half-press, you have no choice but to maintain both focus and AE lock at the same time.
Does this mean than holding the AF-On button down will lock AF and Exposure? This is the opposite of the XSi which allows you to hold the * button but not lock exposure. Can any one confirm?