Thank god I checked the Forums I just updated and thought the malfunction was from me playing with my ports. Mac is having the same thing. OS X v.10.8.4
Edit: Saw this on another post if you guys haven't read it yet.
1. Start TechnicLauncher.jar
2. Top Right Corner (Launcher Options)
3. Activate "Increase PermGen Size"
4. Launch the Game
5. Enjoy
Thanks to cxCaecina