Router compromised?

[dugaduga]

Kernel is spewing strange values... DoS level speeds, skynet took 10 minutes to load, and when it finally loaded there was no internet access as long as it was enabled. Is this a hacked router?

eb 9 03:02:52 Diversion: restarted Dnsmasq to apply settings, from /jffs/scripts/dnsmasq.postconf
Feb 9 03:02:54 kernel: gro disabled
Feb 9 03:03:46 kernel: 2918 355 73 1 0 0 awk
Feb 9 03:03:47 kernel: [ 3078] 0 3078 523 33 1 0 0 sh
Feb 9 03:03:47 kernel: [ 3079] 0 3079 523 8 1 0 0 sh
Feb 9 03:03:47 kernel: [ 3080] 0 3080 523 8 1 0 0 sh
Feb 9 03:03:47 kernel: [ 3081] 0 3081 523 35 1 0 0 sh
Feb 9 03:03:47 kernel: [ 3082] 0 3082 523 4 1 0 0 sh
Feb 9 03:03:47 kernel: [ 3083] 0 3083 523 32 1 0 0 sh
Feb 9 03:03:47 kernel: [ 3084] 0 3084 523 32 1 0 0 sh
Feb 9 03:03:47 kernel: [ 3085] 0 3085 523 9 1 0 0 sh
Feb 9 03:03:47 kernel: [ 3086] 0 3086 523 34 1 0 0 sh
(the list of the above goes on for maybe 100 lines)
Feb 9 03:33:09 kernel: DROP IN=eth0 OUT= MAC=01:00:5e:00:00:01:04:95:e6:28:37:30:08:00 SRC=0.0.0.0 DST=224.0.0.1 LEN=32 TOS=0x00 PREC=0xC0 TTL=1 ID=0 DF OPT (94040000) PROTO=2