Ok, I found the answer and how to recover the system after this horrid update. Below, I've pasted the text from another forum. Thank you shakaran for this one.

https://bugs.launchpad.net/ubuntu/+source/udev/+bug/433943

I received 2 errors from the below solution. But still, was able to get my VM working.

First Issue

Once I got to Step 6:

sudo cp /etc/resolv.conf /media/karmic/etc/resolv.conf

The error I received from the above command was:

cp: not writing through dangling symlink" and then the directory/file which I believe was the 'media/karmic/etc/resolv.conf

I couldn't figure anyway around this error and ignored it.

Second Issue

The second error I received was at Step 8 which command was:

sudo chroot /media/karmic apt-get dist-upgrade

I don't have the exact text from this error...Sorry.....I remember it asking me to do 'dpkg configure -a'. Unfortunately, I can't remember the full command I had to use to resolve this issue. Tomorrow, I'll follow the below steps again and update this part of the solution.

Once I rebooted the VM, TKL booted up just fine and I was able to retrieve all of my data!

1. - Download/grab a live cd.

2. - Start live cd and when it loads the desktop open a gnome-terminal.

3. - Create this dirs:

sudo mkdir /media/karmic
sudo mkdir /media/karmic/proc /media/karmic/dev /media/karmic/etc

4. - Mount your linux partition (for me sda6):

sudo mount /dev/sda6 /media/karmic

5. - Bind the dirs:

sudo mount -o bind /proc /media/karmic/proc
sudo mount -o bind /dev /media/karmic/dev/
sudo mount -o bind /dev/pts /media/karmic/dev/pts

6. - Copy this file

sudo cp /etc/resolv.conf /media/karmic/etc/resolv.conf

7. - Update your real linux partition with chroot:

sudo chroot /media/karmic apt-get update

8. - Upgrade your real linux partition with chroot:

sudo chroot /media/karmic apt-get dist-upgrade

9. - If you have some broken package:

sudo chroot /media/karmic apt-get -f install

10. - Reboot and voilá! Fixed for me.

UPDATE

Ok, so I followed the instructions again so I may list the exact issues I had and how I overcame them. Please be sure that you can connect your system to the internet. I chose to use NAT knowing that the system would get an IP address via DHCP.

1. My linux partition within Knoppix was 'dm-0' (zero not the letter 'o'). Be sure to verify which partition belongs to your TKL.

2. When having to perform:
sudo cp /etc/resolv.conf /media/karmic/etc/resolv.conf
I received an error of:
cp: not writing through dangling symlink '/media/karmic/etc/resolv.conf'
I ended up ignoring this error because I didn't know what it meant or how to fix it.

3. When having to perform:
sudo chroot /media/karmic apt-get update
I received a whole bunch of errors stating that it couldn't fetch or download files. I was suggested to do 'sudo dpkg --configure -a' to correct the problem. So, I performed
sudo chroot /media/karmic dpkg --configure -a
I was then prompted with a new screen (blue background/black text) asking me if I wanted to replace the files and I did so. Once it was finished I performed the previous step 'sudo chroot /media/karmic apt-get update' and that went through just fine.

And that's that! Once I got through those 3 hurdles and finished the steps, a reboot allowed TKL to boot up properly!

Jeremy,

Thanks for the response.

What do you mean by, more intense version? I thought the issues were the same?

Could you explain to me why the udev update fails and caused this issue? Do you think the developers of udev know about this issue? It's seemed to have plagued people for quite sometime.

If I put a hold on udev, does this mean that I can turn on automatic updates and should be fine in the future or is it still probably better to do manual updates? Perhaps, update a dummy TKL just to see how that reacts to an update?

With Windows, I know there's an option to install Windows ontop of an existing install. Could I have done this with TKL? I'm not sure if I saw this option after booting from the TKL Wordpress ISO.

Lastly, do you know why I couldn't use these Windows Linux partition readers to view the TKL disk drive? That really through me off.

Thanks!

Jeremy

Sorry for the late response. You are right about what I meant about install "on top". I did not want to use the repaired system as a solution but instead, for recovery. I did not know how to pull the wordpress files or database from the damaged system. Recovering the OS I believed should had been an option, much like Windows has. Obviously, certain services may not have contined to work but as long as I could get to the data, that was fine with me. 

In terms of "Windows Linux partition readers", you were right again! As an alternative method to accessing my data, I wanted to slave my virtual drive onto another system (Linux or Windows). When doing it with Linux, I couldn't read the LVM so I was installing/evaluating these different Linux partition readers to do it. Each one supported a different file system and I could've sworn one or two of them could read LVM. Slaving the drive to a Linux system failed most of the time. I thought that perhaps the file system was badly corrupted. Eventually, I got it.