Hi Montero,
I'm using a fresh Ubuntu 14.04 64bit Server hosted on a VirtualBox VM (I know this is not recommended, but my i7 compiled the original Yocto distribution in about 4 hours). The only files that I've touched were the setup.sh script (the region that generated the build/conf/bblayers.conf) as I've described in my initial post and the personal layer (still covered by my first post).
I've made an archive with the setup patch and the new layer to ease up things.
Please tell me what else can I do to assist,
Thank you,
Vic