"...the MTU is the size of the largest
Layer 3 packet that can sit inside a frame's data field. For data-link protocols, Ethernet included, the MTU is 1500 bytes."
- Odom, CCNA ICND1 Official Exam Certification Guide, PG #144
"It is important to remember that this Layer 2 MTU affects all protocols that use the interface and not just IP. This is the size of the largest
Layer 2 packet that the router can send through the interface."
- Cisco IOS Cookbook, 2nd Ed
"In computer networking, the term Maximum Transmission Unit (MTU) refers to the size (in bytes) of the largest
packet or frame that a given layer of a communications protocol can pass onwards."
http://en.wikipedia.org/wiki/Maximum_transmission_unit
Ok, who's lying? Is the MTU the size of the payload within a layer 2 frame or the size of the entire frame (payload + header) ?