I just got 2 XBOX360 updates and neither one of them fixed this. And regardless of what Bungie thinks they meant, if you look at the actual "Limits of Use" that are included when you purchase the Taken King DLC (I just checked and the "Limits of Use" in the Taken King purchase screen still says this now), it clearly states "Access to this item will also be granted to all users on this first console." If Bungie wanted there to be different limits of use, then they should have written something else. Someone messed up somewhere and I am very disappointed that Bungie is not standing up to the terms we purchased this product under, since that is what it says.
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Sorry, I just realized that the updates I got were XBOX updates, not the Destiny patch, so I will still hold out hope that when I get Bungie's patch later it will fix this.