Hi, I had the same problem with my WRT54G v7.00.5 firmware.
I believe the problem is because our routers are unable to resolve domain dyndns.org to its IP address.
Using the utility CD from Linksys, I got the message that my router is not connected to the internet although the computers in my network can connect to the internet.
In the admin web, I went to "Administration" tab >> "Diagnostics" sub-tab >> Ping >> enter "dyndns.org", 5 times >> click Ping and the dyndns.org was not resolved.
I then entered "dyndns.org", 10 times >> click Ping >> and strangely enough, my router is now able to resolve dyndns.org
I rechecked the DDNS settings and now it's working!!
Therefore, my suggestion is for you to play around with the diagnostics tab and hope you get the same result as I had.
You might also want to try the Traceroute. I hope this helps : )
Cheers, arief bin basuki
Message Edited by ibn basuki on 12-15-2007 02:00 AM