Ok, FIIIIINALLY i've got some updates... containing good news

The other day, i "scored out" a little prototype board (copper-clad pcb, pencil, box-cutter knife and elbow-grease

) - no frills:
- RS485 transceiver chip (in this case, a TI SN65LBC179A)
- 100n 0603 bypass cap
- 15R series input resistor
- a BelFuse MagJack scavenged from an old 3Com network card
On the receiving end, a daughterboard from a Lenovo laptop (containing the DC-in jack, RJ45 / transformer / LAN chip) - nice and compact, and easily scope-able

Hooked up my sig-gen, set it for 6MHz, powered up the board, hooked up a 3-5m(?) CAT5 cable (couldn't be bothered to unroll & measure it), and... all is well!

As suspected, i might need to toy around in the prototype for the receiver end, with some termination resistors, to clean up the edges, but for a preliminary test, i'm REALLY happy

My biggest worry was that, considering this whole system is AC-coupled (via the Ethernet magnetics), the voltage droop on a sustained succession of same-value bits (such as the string of 10 zeroes that is the sync frame in the ADAT protocol) would be too great, and as such, would make this whole idea a no-go.
Not the case 
I wound down the input signal all the way to 600kHz - the droop from between the start of the squarewave and its transition back to zero was a mere 0.2v (of a 2.5Vpp signal). Took it down even further, down to 200kHz - droop merely doubled, to about 0.4v. That's waaaaay more than plenty for me

Yep, this thing's starting to look pretty damn promising, if i may say so myself

EDIT: As a side-note, the driver sips about 15mA with an input of 2-600kHz, 18mA at 2MHz and up to 32mA at 6MHz.
Photo 1: an overall view of the test setup - pardon the chaos / mess

Photo 2: a closer look at the prototype transmitter and the guinea-pig "repurposed" receiver
Photo 3: scope probes hooked up to the two outputs of the transformer associated to the twisted pair i was transmitting through (1V/div, 200ns/div); sig-gen, as can be seen, set to 1MHz