I would like to thank everyone who experienced this issue for coming forward and making me feel like I wasn't the only idiot with this problem. Also, seeing the responses in the last ten hours or so that the issue appeared to be fixed. I tried re-creating the library as per one post and that didn't help. I re-tried downloading my library last night and find that at this time, 04:45 EST, that my uploaded songs are still doewnloading fine as they have been all though the night.
I will let it keep going for today while I am at work and finish downloading my matched songs over the weekend.
I had about 62GB of music stored on an external hard drive as well as a USB thumb drive. I had a VERY unlucky day last weekend, where my 64 GB stick was damaged in a computer at work and when I connected my external HD, a coworker came by and knocked it to the floor causing that device to fail as well!
Sure glad I had taken advantage of iTunes Match a month ago! I was VERY dissappointed when I started getting many errors, but that seems to be solved for the time being.
Once again, thank you everyone!