My AEBS has developed the same problem.
Ethernet fine. Wifi, although it's broadcasting, and I can connect with multiple devices, has virtually no bandwidth and is unusable.
No apparent interference. In fact I have a spare cheap N router, and I swapped it for the AEBS.
With the same settings, (SSID, channels etc.) it works fine.
The only thing I can't replicate is the IP address. The AEBS defaults to 10. etc, whereas the DLink uses 192.168.
If I try and change this on the AEBS, it will not restart and hangs on the orange light, and cannot be detected by Airport Utility. If I power it down, it will restart with a completely different IP address even though DHCP is set to 192. etc.
Thing is, this just started happening. I had made no adjustments. It used to work fine on 10.0 addresses.
I've tried the suggestions on this post. No joy.
I'm convinced it's an IP address/DHCP problem, but can't figure out what's going on.
I'm guessing some kind of hardware failure with the AEBS?