I did a clean install of Lubuntu 14.04 i386, and it affects me as well.

Starting nm-applet works.  Using sudo is not good, ~/.dbus and ~/.cache
can become owned by root.

However, this may be have something to do with wireless problems during
the install.  In my first install attempt I selected "connect to
wireless later" and this gave a Lubuntu with no wireless capability
which resisted all my attempts to set it up.  It did not admit to the
existence of wireless connections.  I could "ifconfig wlan0 up" but the
DE had nothing.  Several attempts selecting the wireless AP and typing
the password failed, the next "preparing to install" screen would have
an x by the connected to internet line.  The attempt that succeeded
paused for 10 minutes after clicking connect, and I was prompted for the
wireless password several times during the install.  A Lubuntu 13.10
install on the same hardware (a USB Realtek 8188) had rock solid
wireless, completely painless.

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https://bugs.launchpad.net/bugs/1308348

Title:
  network settings indicator missing from panel

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