I noticed a bunch of you early on upthread posted that you have older machines.
I think I know why things broke for you guys:
/Volumes/Time Machine Backups/Backups.backupdb/My Mac Pro/2014-09-09-000548/Macintosh HD/System/Library/Extensions/AppleUSBEthernetHost.kext/Contents/MacOS/AppleUSBE thernetHost: Mach-O universal binary with 2 architectures: [i386: Mach-O i386 object] [x86_64: Mach-O 64-bit x86_64 kext bundle]
/Volumes/Time Machine Backups/Backups.backupdb/My Mac Pro/2014-09-10-002510/Macintosh HD/System/Library/Extensions/AppleUSBEthernetHost.kext/Contents/MacOS/AppleUSBE thernetHost: Mach-O 64-bit x86_64 kext bundle
The previous line is from when I still had iTunes 11.3.1 installed. The following line is from my first backup after installing iTunes 11.4.
Unless Apple's iTunes 11.4 installer is really smart and can cherry-pick which version of the binary inside the kext to install, it looks like Apple goofed and the installer only comes with a 64-bit version of the kext. Oops!