Arduino Dial Up Modem shield

Yes a good product idea gone dead.
I had looked into this in some detail and the next best option I could think of is a shield with telephone sockets and protection circuits ready to receive one of these plug in modules. They do several module types (dial-up, Ethernet & bluetooth) all using the same form factor so maybe the shield could be made universal.
I suspect the big problem/cost here is getting approval to connect to your phone line.