MYSTERY SOLVED!
So I had a foot or so of the pipe exposed, and decided to stick a level on it, to see which way it was running. Uphill towards the corner of the foundation. SWMBO and I were sitting there puzzling over it, and remembered that when we bought the place, there was a missing downspout that would have been at that corner.... So I dug up the rest of the way towards that corner, and voila! Transitioned from 4" ABS to some old, concrete pipe. Easily 3/4" thick walls, no metal in it... That made a 90 degree bend up right where the downspout would have been. Dug back a little ways the other direction past my new trench, cut off the pipe, put a cap on it, and tomorrow I lay down my 3" ABS with the grate that the downspout will drain into and directs it to a downhill slope on the other side of the "RV Pad".... The end of the pipe will be sitting in and surrounded by several inches of river rock, as will the spill out area on the slope. I'll lay it on some 1/2" minus gravel that I had left over from another project, then top it with more of the same, tamp the hell out of it, and top the last couple three inches with soil I dug up....