You are correct, partially. The first hop shows the LAN-side IP address of the SMC 7004 router, which is a private IP address. The very next hop (#2) is a public address, which is neither one of the DNS IPs or the ISP's domain IP.<br><br>I associated the 2nd hop IP as belonging to the WAN-side IP because in each instance the first three octets were correct and in each instance the forth octet was a '1'.<br><br>The 1st, 3rd, 4th, and 5th hops have no DNSName, but the 2nd (that associated with my PPPoE session) and 6th (the ISP<br>'s domain name) hop was identified.<br><br>Since the PPPoE session in the router is establishing a PPP session, I wonder if its essentially hiding the WAN IP, and the x.y.z.1 public IP is that of the terminating router within the ISP's CO/CEV.<br><br>