Kyle,You may have looked at this already, but have you verified speed / duplex settings on the interface? I would recommend hard setting both sides and not using auto.
One option is two HSRP groups on the routers. RTR1 Primary for group 1 and RTR2 primary for group 2. This would require assigning two static default routes on your layer 3 switch.Another option is running an IGP such as OSPF between the routers and...
From the routers, enter the "show ip interface brief" and verify that the Port-channel1.1 interfaces are up up. If they are in any status other than up up (down down, up down, etc.), you need to verify these interfaces before HSRP will work properly...
I've not worked with LS1010's, but I've configured ATM with 8540s. There was no special configuration needed in the 8540 for OAM. I configured OAM PVC-MANAGE on the pvc in my router and it worked fine. All I did in the 8540 was map the VPI/VCI pai...