We got 1 board out of 4 working with TXB03034 used for MDC/MDIO lines b/w CPU and PHY. CPU requires 1.5k (MDC) and 4.7K (MDIO) pull up. The buffer translates to 3.3V which connects to the phy chip. Besides the ringing on 3.3V side of the buffer, we observe the incorrect desertion of waveform by the buffer, i.e. clock line doe not stay for full period, which causes the I/f not work. Please note, the NXP CPU LS1043A states that MDIO/MDC I/f can either be used as OD (open drain) or actively driven. We do not use open drain setting in our design.