Yeah, granted that you can work around it to get BTMM working, but it’s an 
awful hack, and I’d really rather the AirPort does the routing anyway, because 
it’s just a truckload better at it.  It is one thing that cable puts a shine 
on, because cable modems built to spec are generally trivial to put into a mode 
where they don’t interfere with the Ethernet traffic, and AirPort is easily 
compatible with that.

As for alternative modems, it looks like there are quite a few that support 
EFM/PTM although you will have to go fishing.  I can well imagine why this was 
an attractive option for AT&T, but it definitely puts you—the consumer—at a 
substantial disadvantage.

And finally, to the choice of technology: here in Blighty, the cable solution 
is the faster, but bursty satellite with constrained upstream and time-shared 
downlink; the VDSL (for which there are many different plans) is the slower, 
but more reliable and ubiquitous.  I happen to have a choice, and I choose 
VDSL.  My provider offers me native IPv6, I get to pick the VDSL bridge modem, 
and because it’s all PTM, the provider just bridges Ethernet over which I can 
do PPPoE from the router (a Linux box) of my choice.  This gives everybody 
involved complete freedom, although unfortunately does require that terminal 
equipment support baby jumbo frames to handle a full Ethernet frame inside 
PPPoE.  Sadly, the PPPoE support in AirPort is more than a little bit naff 
(in-band MSS clamping, no support for baby jumbo frames), so cable is really 
the better option if you want the complete, Apple-polished experience (which I 
highly recommend to those that want it).

Anyway, the point is: know your options. :)

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