Yes, all the setting and password, WEP encryption password, etc WILL BE LOST. Well they are not actually lost, they remain on the old router until you delete them or reset the router to the factory default.
I think what you are really looking for is will the setting and passwords transfer automatically(NO)
So you need to write down the old setting and password if you want to keep them and put them into the new router during set-up.
Unless you are going to personally keep the old router, for security, reset it to clear out the passwords.The reset procedures is the same for both routers
Just in case you do not have the new owners manual here is the direct link to Belkins.
http://cache-www.belkin.com/support/dl/p75490_f5d8232-4_man.pdf
j
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