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But many has equated cost (as in higher priced models) for higher speed. This is totally false.
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It is not "totally false"! In fact, it is very true. While I admit claims may have been exaggerated and perhaps some folks have been misguided, the reality is you are totally ignoring many other significant factors for buying current and higher-end models, as opposed to legacy technologies and entry-level models.
802.11n was designed to improve on 11g in the amount of bandwidth supported by utilizing multiple wireless signals and antennas (MIMO technology) instead of one. This translates to
"effective" range to include working through x-number of walls, floors and ceilings, and through interference from other electrical devices (to include wireless "crowding" from neighboring networks). And "range" greatly affects speed and 11n excels in that manner. 11n does in fact, provide higher speeds for devices that are physically located further away (or on the other side of barriers) from the WAP.
This greater range and bandwidth is of significant importance (and well as worth the money) for people who don't live in a small apartment, or they live in a crowded wireless environment
or have more than one or two computers using the bandwidth at once.
More expensive models tend to have more features, including firewall-"like" features, such as SPI - static packet inspection and a 1Gbit Ethernet switch as opposed to just 10/100.
Many people buy routers to support local networking and streaming/transferring data across their local networks and in that respect, higher bandwidth/greater range and especially 1Gbit networking, ie; spending more for more, has significant tangible advantages. More expensive model support mixed technology networks much better - specifically, the more expensive simultaneous dual-band routers can support 11g and 11n devices at the same time without degrading 11n performance - which again validates the claim that more money equals higher speeds.
Finally,
for Internet use, whether your wireless access is rated for 54Mb/s, 150Mb/s, or 300Mb/s - it hardly matters if your ISP is only providing 10Mbs.
So bottom line, if your local network is confined to a relatively small area with a minimum number of walls, floors, and ceilings between the networked devices and the WAP, and your networking requirements involve primarily Internet traffic (as opposed to streaming data across your network), and only one or two computers at a time will be using that bandwidth, then an entry level wireless router may suffice - as long as due diligence is taken to secure both the WAP and the networked devices. But if you live in a crowded wireless environment, a larger house or apartment, have several people/computers needing access at once, or require fast streaming capabilities, buying legacy technologies and entry level models will not suffice.