Hey all,
I've been haveing the same problem as all of you. I'm far from very knowledgable on tech things, so I contacted Beats to ask for help. They suggested a factory reset, but that didn't work. Then, they offered me a knew set. However, as a previous poster mentioned, there is no point in getting a new set until we're sure the headphones are the real problem.
In my particular case, I am able to play podcasts but the music kicks out often. So, I had an idea. I downloaded a different music player (I chose iAlbums).I've only run it for a few days, but I haven't had a single misconnection. That isn't to say it won't happen, but it used to happen several times per use. So far, no problems.
When I used iTunes, I noticed that the icon in the bottom right was blue during podcasts, but orange during iTunes and the LED on the headset would blink. With iAlbums, neither of these happens.
I don't know that this is a solution, but it's worth a try. There are several other alternative music players that should work just as well. For what it's worth, iAlbums seems like a better music player anyway.
If this is indeed a solution, then I guess we know for certain that the problem is with the latest iTunes.
Anyway, hopes this works for others. If it stops working, I'll come back on ehre and let you all know.