Hi! I'm Altan, another member of Murex. Many of the design decisions behind the switch were driven by the requirements of our underwater robot. In our case, the communication speed was capped by the transfer speed achieved over our tether (we use galvanically isolated OFDM to inject data over our powerlines). Since size and cost were our primary goals, 100mbit was more suitable than gigabit ethernet. While it would have been cooler to have a gigabit switch, it would also increase the size and cost.

I’m not sure what your background is, but 100Mb Ethernet is still rather common in embedded devices and applications where the network protocol is primarily intended to facilitate UART serial communication. Just as a general note for context, I will defer to their more specific answer for this particular application.

Neat project!

As much as modern Ethernet standards are much nicer (my house is wired for and running 10Gb everywhere, with 40Gb Infiniband to a couple locations too), 100Mbps still has its place. Specifically, anything embedded, slow, and/or cheap. No reason to spend the extra money on 4 more wires and pins and trace routing if your microcontroller only sends a few packets/second.

If you're doing tethered ROV stuff, the weight of the teather is a big big deal, so adding 4 additional wires is a non starter. For the stuff that goes extremely deep, they use fiber because it's much lighter. It presents significant cost increases of course, which, you'd want to avoid if you can.

GigE needs twice the pin count. IMHO, there's not much room on the board for any more i/o. Certainly gigabit is nice, but there's plenty of applications where 100M is more than plenty.