I think I found a possible short term work around for the Phoebus driver problem. First, got to task manager and close Phoebus.exe.
Then search for Phoebus on the Run Button and you should see three results for Phoebus:
For those running windows 7 64 bit run the 64, for those running 32 bit run just "Phoebus." Then check task manager and make sure that Phoebus is running either PhoebusX64.exe or Phoebus.exe*32.
You will notice that both of the GUIs that go with these .exe's have no mic option (I will post pics when I can). However, I was able to play for two hours tonight with only four to five , 2-4 second stutters in the game and I never got kicked- yeah!.
PS: Asus - please fix these drivers!