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Microchip and WCH already have solutions like this
Do they? I was not aware of it.
The
Microchip ENC28J60 was a rather early (2006) 10MBit Ethernet Controller (with Phy.)
Talks to a microcontoller via SPI, available in DIP28 (!), and rather reasonably priced (~$5)
There is also the ENC424J600 (in 2009), which adds 100Mbps, more buffer memory, a parallel interace, and a "security engine." But I don't think it has reached as far. (Too little, too late?)