I'm not expecting testing images to be stable/working, but I am trying to help you with the testing as you requested.
Probably the failure to mount ROOTFS is not connected to the ethernet changes, but 5.7.0-rc2 did produce a stack trace on ethernet probing as below.
Tested M8S with the following:
5.6.0:
[ ID] Interval Transfer Bitrate
[ 5] 0.00-10.01 sec 111 MBytes 92.9 Mbits/sec receiver
[ ID] Interval Transfer Bitrate Retr
[ 5] 0.00-10.00 sec 113 MBytes 94.8 Mbits/sec 0 sender
5.7.0-rc2
Does not boot. Kernel oops related to ethernet interface with trace in dmesg:
5.7.0-rc3
does not boot, as in above message, but no kernel oops related to ethernet interface.
I hope this information is helpful.
Emulti