TypeError: invalid arguments when starting with Python 3.4.0

[ivan]

# git clone https://github.com/rg3/youtube-dl
Cloning into 'youtube-dl'...
remote: Counting objects: 33148, done.
remote: Compressing objects: 100% (30/30), done.
remote: Total 33148 (delta 12), reused 0 (delta 0)
Receiving objects: 100% (33148/33148), 25.64 MiB | 381.00 KiB/s, done.
Resolving deltas: 100% (22297/22297), done.
Checking connectivity... done.
Checking out files: 100% (489/489), done.

# cd youtube-dl

# git log --oneline | head -n 1
e07e931 Work around 2.7.0 deficencies (Fixes #4223)

# PYTHONPATH=. python -m youtube_dl
Usage: __main__.py [options] url [url...]

__main__.py: error: you must provide at least one URL

# PYTHONPATH=. python3 -m youtube_dl 
Traceback (most recent call last):
  File "/usr/lib/python3.4/runpy.py", line 170, in _run_module_as_main
    "__main__", mod_spec)
  File "/usr/lib/python3.4/runpy.py", line 85, in _run_code
    exec(code, run_globals)
  File "/home/at/test/youtube-dl/youtube_dl/__main__.py", line 18, in <module>
    youtube_dl.main()
  File "/home/at/test/youtube-dl/youtube_dl/__init__.py", line 356, in main
    _real_main(argv)
  File "/home/at/test/youtube-dl/youtube_dl/__init__.py", line 65, in _real_main
    parser, opts, args = parseOpts(argv)
  File "/home/at/test/youtube-dl/youtube_dl/options.py", line 122, in parseOpts
    help='print this help text and exit')
  File "/home/at/test/youtube-dl/youtube_dl/compat.py", line 317, in _compat_add_option
    return real_add_option(self, *bargs, **bkwargs)
  File "/usr/lib/python3.4/optparse.py", line 1005, in add_option
    raise TypeError("invalid arguments")
TypeError: invalid arguments

# python3 --version
Python 3.4.0

# uname -a
Linux sand5 3.13.0-39-generic #66-Ubuntu SMP Tue Oct 28 13:30:27 UTC 2014 x86_64 x86_64 x86_64 GNU/Linux

The same thing happens with 64-bit Python 3.4.1 on Windows 7.

[ivan]

It works fine with the previous commit, 480b7c3