Now do that across thousands of connections. While retaining very low p99 latency.
Just the idea that using a bytestream is ok is leaving opportunity on the table. If you know what protocols you are sending, you can allow some out-of-order transmission.
Asking the kernel or dpdk or whatever to juggle contention sounds like a coherency nightmare on large scale system, is a very hard scheduling problem, that a hardware timing wheel is going to be able to just do. Getting reliability & stability at massive concurrency at low latencies feels like such an obvious place for hardware to shine, and it does here.
Maybe you can dedicate some cores of your system to maintain a low enough latency simulacra maybe, but you'd still have to shuffle all the data through those low latency cores, which itself takes time and system bandwidth. Leaving the work to hardware with its own buffers & own scheduling seems like an obviously good use of hardware. Especially with the incredibly exact delay based congestion control their close cycle timing feedback gives them: you can act way before the CPU would poll/interrupt again.
Then having own Upper-Level-Protocol processors offloads a ton more of the hard work these applications need.
You don't seem curious or interested at all. You seem like you are here to downput and belittle. There's so many amazing wins in so many dimensions here, where the NIC can do very smart things intelligently, can specialize and respond with enormous speed. I'd challenge you to try just a bit to see some upsides to specialization, versus just saying a CPU hypothetically can do everything (and where is the research showing what p99 latency the best of breed software stacks can do?).