1. The 5 GHz band helpful in environments where there's an existing 2.4 network possible on same channel(s) and/or you are near a microwave.
2. Two bands allows for full bandwidth on each band, sorry of acting like a network switch, where you get the full speed on each port, vs. a hub where the bandwidth is shared amongst the entire device.
Anything else? thx
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You're exactly right. That's pretty much it. I have that same exact router. It's absolutely fantastic with dd-wrt. Go for it!