yesterday 0.6 release of z3c.recipe.i18n broke buildout of z3ext. Because of that I tried to add version 0.5.4 to versions.cfg file without success. Then tried to put versions.cfg at last as it should override all other extends, then things worked.
diff --git a/buildout.cfg b/buildout.cfg
index e6a6dff..e8b855e 100644
--- a/buildout.cfg
+++ b/buildout.cfg
@@ -3,7 +3,6 @@ develop = .
parts = app data zopectl i18n test zpasswd autoinclude allsrc
newest = false
-extends = versions.cfg
# eggs will be installed in the default buildout location
# (see .buildout/default.cfg in your home directory)
# unless you specify an eggs-directory option here.
@@ -11,6 +10,7 @@ extends = versions.cfg
versions = versions
extends = http://download.zope.org/zope3.4/3.4.0/versions.cfg
http://download.z3ext.net/versions-1.1.cfg
+ versions.cfg
So I belive z3ext versions-1.1.cfg needs to be updated to add z3c.recipe.i18n version 0.5.4 and z3extproject updated to generate a correct buildout.cfg