Need to remember that you are only allotted a certain amount of bandwidth by your ISP. So if someone is download pron or torrenting why the other 2 are on youtube or xbox live you will notice slow internet speeds.
If you want try speedtest.net[speedtest.net] to see what your internet speeds are. Try the site with all 3 online then try it on 1 computer with the other 2 off. If you think it should be higher try the site by bypassing the router.
A better router will have more memory, a better CPU/hardware/firmware, wireless, etc. Factors like this will also count more heavily if you are a high bandwidth user especially if you do P2P. There is a difference between commercial and residential grade hardware.
In theory, a router with a faster processor/more RAM would provide faster processing of network traffic.
I've noticed that when I flash any router that is capable of supporting DD-WRT (custom router firmware) it yields a pretty good speed increase. That is compared to the stock firmware provided with the router itself. So it would depend on the router's firmware as well!
A router with a fast packet processing/switching speed can improve your internet access speed, given that you were limited by the old routers processing speed. Unfortunately, this is rarely the case. Proper configuration and adequate bandwidth subscription would solve most problems.
Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.
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