Absolutely.. Indeed, after working with the University of New Hampshire's "Interoperability Laboratory" (or "IOL", the World's premier Ethernet interoperability testing laboratory for folks like Cisco and 3COM et al) in the mid 1990s, Cat5 was reasonably new and indeed was an antennae (this was just before GigE was coming out and 100Base-T was reasonably new, and current technology for 100M used scramblers to take the Manchester Encoded Ethernet paradigm and make it more FCC friendly)... Never mind the mechanicals.... (of course, it is funny, since the 802.3 specification was released, no one actually adhered to the spec 100%)...
Yes, your design at 1.5 "Giggle Hertz" (GgglHz) or so could indeed work with right-angle traces... However, I wonder of the power budget (especially with battery operated equipment).... Indeed the Signal Integrity could show some ringing on the line with right-angles, but, especially if series termination resistors are employed, then the power budget is dissipated in said resistors (for the forward path and the attenuated backwards reflection path).... Of course, FPGAs, ASICs and the like have variable termination schemes in their I/O cells on silicon (I'm more of a GaAs and SiGe dude) that could implement the same by software control, rather than actual layout control (you might not know about the termination schemes if the design was compartmentalized within the business organization, at least that is how our PCB service bureau was operated in the late 1990s and early 2000s)... I wonder if the design were simulated in something like. say, SPECCTRA CCT (Cooper and Chang Technology, or in my recent case, Altium SI with IBIS models) or by actual measurement if there would not be excessive energy used for ringing and damping with termination schemes? All equating to battery life (perhaps incremental.. depends on the power budget)...
Whilst we were designing power amps for the cell phone radio section, we were increasingly being thwarted by power budget where, OK, we increased the power added efficiency (PAE) of the amplifier, only to have the designers of the cell phone say, "Oh yeah, we added a camera ------ oh and a flash too ------ ".... Ah crap, there goes the battery life anyway, even though we made another 10% efficiency on the GSM and DCS/PCS amplifiers in the MCM...
It all comes down to "routing channels"... These are the physical spaces between microchip packages on the PCB reserved for traces and there are tools to see what kind of SI (Signal Integrity) issues one might come across especially with tools like SPECCTRA (friggin' Cadence, which I hate @ $100k +/- per seat back then) that allow even a "place holder" type package with IBIS model basics for initial "critical net" rough placement et cetera... IBIS models are notorious for being "incorrect" although I suspect they have been getting better since 1999 when I was first using them.... Had to speak a little Japanese to talk with one of the top folks working in this arena....