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DP83825I: Question about the network coupling circuit

Part Number: DP83825I

We are looking at using the DP83825I to update an older existing design. As part of this update we need to remain compatible with the existing network coupling circuit that is already present. Predictably, the old network circuit is different to the circuit shown in the DP83825I's datasheet. 

This is our existing circuit we need to use:

As can be seen, the existing circuit contains 49.9 ohm resistors, and it biases the transformer center taps to 3.3V

Will this work, at all, for the DP82825i?  We're quite willing to accept shorter cable distance (within reason), or is this circuit going to be a disaster for this PHY?

Thanks very much.