Heh, for the sake of science and geeklyness, I tried this yesterday, and it WORKED
I had a computer in another room that needed a 10Mbps connection (the NIC was not a 10/100, older ISA model) so I grabbed an unused "junk" phone cable and tried to figure out a way to plug it into the RJ-45 port(s).
It seems RJ-11 ends will fit fine into RJ-45 ports, but the pins are in the wrong place for Ethernet. (Only the middle four pins are "connected" if you plug an RJ-11 end into an RJ-45 port)
I don't have a crimper, so I couldn't mod my own RJ-45 ends onto the telephone cable.. time to improvise! Ran off to Altex and grabbed 2 nice CAT5 crossover adapters. They have an RJ-45 port on one side and a built-in plug on the other, so all I needed to do was open it up and switch a few pins around on the port side.
The pin-switching hack was painless, it seems these crossover adapters were made for this project The adapter just snaps apart and you can rewire the pins with ease.
Anyway, I hacked/modded both the adapters and plugged them in.. no signal. Oops, they're crossover adapters I grabbed another crossover adapter I had to reverse the crossover switching (didn't want to invert the pins on one of my hacked modules just yet) and my goodness, it worked!!
I ran a throughput test and I get about 8.3~8.5Mbps, just about what I'd expect. I didn't try and be daring with a 100Mbps test, because that NIC doesn't support 10/100