A working MA701, wonders never cease
(Personal gripe with NetGear
)
This I imagine is either down to the IP data becoming manually assigned some how, or it is down to an extended DNS lease and both routers being clever on the same subnet.
Download vxUtil:
http://www.hpcfactor.com/qlink/?linkID=36
Check that the thing is still set to dynamic assignment in the control panel. Then have a look in the info view at the DHCP lease data.
It may be worth checking that the second router hasn't run out of space on its subnet / dhcp allocation range.