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I'm assuming its still the cable modem, and the ethernet connection from your router to the modem, is a private address (192.168.1.1)
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That's correct, the WAN IP is still assigned to the modem. I'm not sure about the modem->router private address being 192.168.1.1 though, you'll find that on the Motorola Surfboard modems for example, that its local address is actually 192.168.100.1. As for ADSL, that's a different case completely, since the modem is usually integrated into the router. As far as I know, you can't change the cable modem's local IP address.