The WRTP54G is the modemless version. You simply plug in a modem between the device and the phone line. I'm running a Dynalink RTA1320 in half bridge mode and is working well. I believe that Dynalink is one of the better modems with nice features, but that is only what I've read and it also depends on which day of the week it was manufactured. The first one I got would drop the Ethernet interface after about 5 minutes of running, but getting a brand new recently manufactured replacement from Dynalink was painless.
I am very happy with my WRTP54G, and being modmless I can take it with me when we go to the in-laws for a weekend and simply plug it into their router.
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