Can't speak to his NIC emulation (unless he borrowed it from jor1k), but otherwise it'd take roughly a flight from PDX to CHS for the NIC, plus another 2-3 hours for a dead simple virtual switch, plus a few days of watching the switch crash in various odd ways while HN, Reddit, and Slashdot beat it up.
Edit: If anyone is keen to experiment around with v86, jor1k, or a similar project and you want plug-n-play network support, I maintain the websocket proxy used by jor1k (and probably used by v86 in some demo or another). As far as I'm concerned, please no commercial use (I've made it stupid easy to host your own for that), but otherwise as long as you're not doing stupid things with it that will cause me to lose my hosting account, go nuts! To use it just start sending/reading ethernet frames to/from wss://relay.widgetry.org/.
Also if you do use it, please flick me a message (e-mail is in my profile) to let me know what you're doing with it and how you're getting on.