Actually, thinking about this a bit more, it does make sense if you cut through the marketing spiel.
It says "700 mW high-power
amplifiers" so I'd guess that's the maximum output spec of the chips.
As this is a recent product, the datasheet was published this year and it is at pains to point out that it complies with EU law I think we can assume the following:
That the software probably modifies the output based on;
1) Some localised region setting within the router
2) The frequency being used
3) Antenna gain and cable loss
So (as Flying Dutchman said) after compensating for antenna gain and cable loss you end up with:
2400-2483.5 MHz, maximum e.i.r.p. of <= 100 mW
5150-5350 MHz, maximum e.i.r.p. of <= 200 mW
5470-5725 MHz, maximum e.i.r.p. of <= 1000 mW
So the major difference here (as I understand it) is that whereas ASUS is taking a "lowest common denominator across the world" approach to power output, Netgear are localising their product not just by region or band (2.4GHz/5GHz) but also sub-bands within 5GHz.
This allows their marketing people to shout "700mW!" even though that's only available in the upper part of 5GHz.
Still, I think it's clear who's product EU customers should be buying from now on.