Just after posting that (with line noise margin still down at 4.9) I took the router out of the phone test socket and put the phone in - clear noise on the line when I picked up, which went after a couple of seconds. Nothing else on the line except single phone.
Swapped back, router came back up with ...
System Up Time 05:17:56
Port Status TxPkts RxPkts Collisions Tx B/s Rx B/s Up Time
WAN PPPoA 86 83 0 280 484 00:01:32
LAN 10M/100M 94254 73577 0 4364 687 05:17:54
WLAN 11M/54M 1574 0 0 27 0 05:17:51
ADSL Link Downstream Upstream
Connection Speed 8128 kbps 448 kbps
Line Attenuation 10.0 db 6.0 db
Noise Margin 6.9 db 24.0 db
So - back up to 8128, with attentuation down to 10 and noise margin back to 7.
Anyone think I'll get charged by BT ?
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<geek>Mick Jennings</geek>