There's some confusion about these devices.
They will not, by themselves, work as a dial up emulator.
You don't use AmiTCP and get a connection to the Internet.
They are modem emulators.
They show up as a modem to the Amiga, so any program that recognizes a modem will work.
I just JRComm mostly, but any terminal program will work.
There are numerous people who have set up BBSes (as in the old days), but they are available via telnet.
What this device allows you to do is "dial" into those telnet BBSes.
You "could" use AmiTCP (or TermiteTCP) with this device, but what will you be dialing in TO???
You would need a linux box (or some other SLIP/PPP provider) to connect to, but getty/mgetty listens on serial ports, not ethernet.
So you would need to tweak it to listen on ethernet (PPPOE ?????), and then you might be able to get a dial-up type of connection.
I've been meaning to try that, but haven't had the time...
You could place another serial to ethernet box on your Linux box, and have the Amiga "dial in" to the Linux boxes adapter...
Another option would be something that is really fuzzy.... I seem to remember, back in the day, using a dial-in-terminal session (not PPP, just a shell account) and a program called "slirp/slurp"??? to get a SLIP connection over a terminal session..
That's all pretty hazy tho... Many moons ago.. ;-)
Now, it's not speedy..
As was mentioned, the Amiga serial port (non-accelerated Amiga) won't give you anywhere near 230k. You can have 10M hanging off of it, but you're getting 19,200 or so...
That said, even just "dialing" into a BBS is great fun.
You know what someone should write?
A vBulletin plugin that allows a telnet/text/BBS look and feel!!!
That would be awesome!

(Looking past the security and config nightmares involved, that is..)
desiv