To show how wild things got w/ XML and XSLT in the early 2000s, I worked for a company that built an ASIC to parse XML at wire speed and process XSLT natively in the chip - because the anticipated future of the internet was all XML/XSLT. Intel bought the company and the guts made their way into the SSE accelerators.
IBM is still selling hardware that roughly matches your description: DataPower Gateway.
> ASIC to parse XML at wire speed and process XSLT natively in the chip
Just imagine how fast websites would have rendered if we went that route