2Wire Modem Problems,Again

So yesterday afternoon the internet was working fine, then it just went out. I looked and the power light was the only one on and then the others followed and then all blank again. It did this several times so I called AT&T and the guy did some tests and said it sounds like the modem going bad since it was cycling off and on and not staying solid.
I told him all about how they have already told me that it was the modem a couple other times and it wasn't. But he said it shouldn't cycle that many times. He said since mine is 5 years old it might be better to get a new, so they are going to send me one for free but I pay shipping.
I asked if a hard reset would work and so I tried that, at first it didn't seem to take because it it done the same thing but it finally came on and stay on.

Also have a problem with it asking to reboot the system a lot, sometimes once every 2 weeks to 2 or 3 times a day.

Will the new modem be better?
I still don't know if the old one is bad. My nephew that lives with us said he is surprised that it last this long for the model that it is.
 
Whats the model number? 2701hg or is it the home portal? If its lasted 5 years then I would be surprised to. They do last longer then the Motorola modems do. The Motorola's only last a couple years at best.
 
Don't know, it's white, in Google Images, it looks like the 2701hg.
We had internet here at work since late 90's and have a NetGear modem and as far as I know it's the original one, I move to the office in 2006 and it was there.
 
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