LARTC - Nov 2004 - alot of traffic over pppoe ?

hi

I was wondering is pppoe scalable enought to support Gbps speeds or at least
tens of hundred of Mbps ?
From the docs I read it seems that after user is auth over pppoe the client
traffic still passes over ppp-channel
from 
 pppoe-client <---> pppoe-server <---> Internet
Instead of 
 pppoe-client <--->  Internet

m''I correct with this assumption ? 
From this I conclude that maximum traffic is the amout the server will be able
to handle,
but not so dependable from the Layer2-network capabilities..

So is there something I''m missing here ? 

tia
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