MII or RMII is a high-speed (25 MHz for MII, 50 MHz for RMII if I remember well) digital interface, only meant for on-board (< 2.5 or 5 cm max) connections.
To achieve a longer distance like the ones obtained for Ethernet , you need low-voltage, differential, filtered, matched-impedance analog signals, and electrical isolation against ESD, thus the PHY + Pi filter + transformers + twisted pair shielded cable...
You know, electronic engineers do not add all this stuff because it is fun: it is just required. So NO, you can't just bypass all that!
And even if you want to connect 2 MII or RMII interfaces directly over a very short distance (< 2.5 to 5 cm), you will have to cross the signals (output on input and vice-versa), designate one side as master for clock, etc., which is also not easy to do...
For an example of this Reverse MII setup (not to get confused with RMII), see schematic page 102 of DM8603 datasheet:

(Last edited by Squonk on 1 Dec 2012, 19:19)