It sounds like the centre bearing on the drive shaft.
Type Touareg Centre Bearing into Google pictures or videos to see how you can easily inspect it for yourself by getting out and getting under..
If it is the bearing rubber that has let go, do not drive the car - you may damage the transmission.
There are LOTS of threads on here about it: use the Search facility to get yourself up to speed and which course of action you want to take ranging from US$80 DIY to US$2,000 at the dealer.
Here's one to get you going:
http://www.clubtouareg.com/forums/f67/drive-shaft-bearing-failure-49135.html
Type Touareg Centre Bearing into Google pictures or videos to see how you can easily inspect it for yourself by getting out and getting under..
If it is the bearing rubber that has let go, do not drive the car - you may damage the transmission.
There are LOTS of threads on here about it: use the Search facility to get yourself up to speed and which course of action you want to take ranging from US$80 DIY to US$2,000 at the dealer.
Here's one to get you going:
http://www.clubtouareg.com/forums/f67/drive-shaft-bearing-failure-49135.html