Hmm, this could be what I am seeing with 3.3.4.1
However my problem seems to be that everything is fine, but it all goes ape (and nothing can then connect) as soon as I try and connect from my desktop PC that has a Netgear WN311B 802.11 adapter.
It could be 4 devices, or it could be this partular device that's tripping it all up...
EDIT: Things only stabilize wireless-wise, when I set the router to 11g only