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serial to ethernet

Serial to Ethernet adapters work with picaxe?

Will a picaxe work with a standard serial to ethernet adapter?  I thought it would be nice to be able to connect it to my laptop via ethernet since my laptop doesn't have a serial port.  I have a usb-to-serial adapter but I'm always forgetting the damn thing and since I'm a network admin I've always got ethernet cables lying around.  I've done similar things with reprogramming dead routers remotely (have modems connected to the serial ports and just dial in to reprogram)