Well, it came today. here's follow-up, in case someone has the same questions some day...
The DSL modem came today. Ripped it out of the box, and immediately started plugging everything in. Wall jack to DSL modem to Airport. I told it to acquire an IP address through DCHP, and then I inserted the install CD in one of the 'Books... when it came time for the software to "detect DSL" or something like that, it couldn't find it. I thought that was strange. I had an airport signal and everything.
So I dumped the idea, and just plugged the 'Book directly into the DSL modem. Everything went fine. Went through a long setup and registration... it worked. We had DSL!... on ONE computer.
THEN I plug in the Airport. YAY! Now everybody has DSL!
Moral of the story: make sure you set up and REGISTER your DSL as if you're average-joe one computer before you try anything fancy with Airport.
And now we are all happily surfing, and I see usually goes at a download speed of 166 Kbps.... which is WAY better than a modem. Cheers.