katabatik,
Which firmware do you use?
Katabatik, did you try to access the net, only with the Vigor modem (without the Asus in between?) - Did you make sure it works this way first?
I know these modems are very reliable so I dont think it is the modem. I am sure you have the Vigor and the Asus in separate subnets -right?
I just looked at the PPoE settings of my remote Draytek 2920n router, connected to a Vigor120V2, in case its of any help to you:
-WAN connection mode is set to ARP (the 2920n router has option ARP or ping detect mode)
-MTU 1442
-PAP or CHAP authentication.
In the 120v2 I have PPoA, multimode,ppoe passthrough enabled, dhcp dissabled, all firewalls down. Perhaps an older tomato or Merlin may work?
Also for PPoA dsl you may need to leave the "Service Name" entry empty in the Asus: http://www.draytek.net.nz/draytek/support/passthrough/
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