Flashing busybox instead of a real firmware is intended to soft brick the router to make it boot into recovery mode. Now you have to get the recovery program working.
@mk24, thx for respond.
After 5sec holding reset button I able to ping router by default ip 192.168.1.1, 1 led flash slowly as described in faq [1]
Restore tool still told that device is not in recovery mode.
Is there any trick to make recovery work?
Thx
[1] https://www.asus.com/nz/support/FAQ/1000814/
@mk24 Thx again for direction
I was able to recovery to stock firmware.
In my case trick was to use oldest available version: 3.0.0.4.380.8228
It even remember password from original stock image.
Wonderful