Hardly unfounded, in my opinion. The kext shipped with iTunes 11.4 is 64-bit only, and will not work on a 32-bit only system. That is the issue reported by most of the people in this thread. If you're reporting that Snow Leopard on 64-bit Macs works correctly with OS X 11.4, that's good information to have. I haven't seen a post from someone saying that yet.
If someone says they are running on a 64-bit system, they have a different problem. It may exhibit the same symptoms, it may even involve the same AppleUSBEthernetHost.kext file, but it will still be a different problem with a different solution. This is simply because it is possible to upgrade to working, latest versions of Apple software.
For people looking for a fix: If you are running a 64-bit-capable system (Core 2 Duo or newer), you should just upgrade to a newer OS or at least switch to the 64-bit kernel. This, plus some re-installing of software and such, should resolve your problems.
If you have 32-bit hardware, you may benefit from the suggestions in this thread. If you aren't comfortable with Terminal, I would not recommend tinkering with anything.