I had the same problem: the thing appeared bricked, not responding even to the reset button. The symptoms for me were that, when I turned it on, the four LAN LEDs and WAN LED were lit (but not the power LED).
I popped open the power adapter (I like the technique described here:
http://www.wonderhowto.com/how-to-op...former-270527/), and the exploded 1200uF capacitor was staring me in the face.
If you're not quite sure whether the capacitor is bust or not, you should see a smaller capacitor of a similar type towards the middle of one side of the board. Compare the top of the 1200uF capacitor with the top of that smaller one. The tops should look similarly flat. If the top of the 1200uF capacitor looks slightly domed, it's almost certainly the culprit.
The original capacitor was a 1200uF electrolytic capacitor rated for 5V and 105 degrees C. I replaced it with a 1000uF rated for 16V and 105 degrees C. (Since this is a power supply, it seems sensible to match the temperature rating.) I made something of a pig's ear of the soldering (it's been a while...), but after putting the thing back together, everything worked perfectly!
One thing you need to be careful of when replacing the capacitor is to get the polarity right, otherwise the replacement is likely to explode as soon as you plug in the power supply. Electrolytic capacitors typically have a coloured bar down the side with minus signs along it, indicating the negative lead. If you're sensible (unlike me!), take note of which way around the original component is before you take it out, and put the replacement in the same way around. In case you forget, with the original capacitor removed you should be able to see a + near one side of the circle printed underneath the capacitor, and the negative side is indicated by the two lines across the circle (at least on my board).
So, instead of having to buy a new router, or even a new power supply, all it took was a £0.27 capacitor (less the 50 cents), and a bit of solder.
Thanks so much to this forum, and especially Basser's brilliant post and photos!