Probably not, since you had connection after that, but it can cause freezes. More likely, you would lose your connection to the game and it would quit.
You should rule out any spyware or adware on your computer that might be eating up your bandwidth and CPU resources. If you find nothing, try removing the router from the setup and put it back the way you had it before. If it solves the problem, you probably bought a bad router and you can take it back. If it doesnt solve the problem, at least you can rule out your router. Just to check, this doesnt hook into your computer via a USB plug does it?
Barring any problems being found so far, its possible something else happened at the same time and its only mere coincidence that it is timed with your adding the router. Run a Direct X diagnostic report and send it to Skuzzy, maybe he can find something in your drivers or hardware that could be causing it. Also, try to remember if there were ANY other changes you made, no matter how inconsequential it may seem. Sometimes the smallest changes can have very large problems associated with them.
I'm sorry I cant narrow it down more for you, but after this you should at least be able to rule out what it isnt. That is a help all by itself. Good luck!