Kernel bypass plus zero copy are, of course, old-hat. Worked on such stuff at Lightfleet, back when it did this stuff called work. Infiniband and the RDMA Consortium had been working on it for longer yet.
What sort of performance increase can you achieve?
Well, Ethernet latencies tend to run into milliseconds for just the stack. Tens, if not hundreds, of milliseconds for anything real. Infiniband can achieve eight microsecond latencies. SPI can get down to two milliseconds.
So you can certainly achieve the sorts of latency improvements quoted. It's hard work, especially when operating purely in software, but it can actually be done. It's about bloody time, too. This stuff should have been standard in 2005, not 2015! Bloody slowpokes. Back in my day, we had to shovel our own packets! In the snow! Uphill! Both ways!