Everyone had drivers for ethernet, adding a second port for "peripherals" and even changing the form factor of the plug would have been ok and cheap.
Of course that wouldn't give Intel a monopoly (they owned the USB patents and rights) and it would allow people to innovate without joining the USB alliance (and pay tithes by doing so to Intel).
Writing this I realize it still irritates me. :-)
10/100 ethernet over a different cable and connector type would have worked out pretty nicely.
The very first patent was to duplicate an existing process (the loom) and have a monopoly to produce it.
I keep hearing this argument from patent proponents, but patents have never in their history been ostensibly for good.