+static int korina_mdio_wait(struct korina_private *lp)
+{
+	int timeout = 1000;
+
+	while ((readl(&lp->eth_regs->miimind) & 1) && timeout-- > 0)
+		udelay(1);
+
+	if (timeout <= 0)
+		return -1;
+
+	return 0;

Using readl_poll_timeout_atomic() would be better.

+}
+
+static int korina_mdio_read(struct net_device *dev, int phy, int reg)
 {
 	struct korina_private *lp = netdev_priv(dev);
 	int ret;
 
-	mii_id = ((lp->rx_irq == 0x2c ? 1 : 0) << 8);
+	if (korina_mdio_wait(lp))
+		return -1;

This should really be -ETIMEDOUT

 	dev->watchdog_timeo = TX_TIMEOUT;
 	netif_napi_add(dev, &lp->napi, korina_poll, NAPI_POLL_WEIGHT);
 
-	lp->phy_addr = (((lp->rx_irq == 0x2c? 1:0) << 8) | 0x05);
 	lp->mii_if.dev = dev;
-	lp->mii_if.mdio_read = mdio_read;
-	lp->mii_if.mdio_write = mdio_write;
-	lp->mii_if.phy_id = lp->phy_addr;
+	lp->mii_if.mdio_read = korina_mdio_read;
+	lp->mii_if.mdio_write = korina_mdio_write;
+	lp->mii_if.phy_id = 1;
 	lp->mii_if.phy_id_mask = 0x1f;
 	lp->mii_if.reg_num_mask = 0x1f;

You could also replace all the mii code with phylib.

    Andrew