Silverblade,
Honestly it should work like a router and it did except for the voice part. I tried configuring both ADSL (PPPOE)type or the LAN2 type connection and that was no problem. It's just can't get the speech to to pass through. I even used a port scanner and it showed TCPIP port 1720 (H.323) was filtered while TCPIP port 12000 was open.
I had a simillar problem on a Taiwan made router and it was the same until I upgraded the firmware and then everything was ok. I suspect the firmware too but I have upgraded it to version: hlb_fw_v019 and no good.
About Siemens... I can't get anywhere with them till now. For your information, I am an ex-Siemens engineer turned to a be dealer now.