This paper details a System on a Programmable Chip (SoPC) implementation of a 2.5 Gbps Programmable Point-to-Point-Protocol Processor (P⁵) on an FPGA. 32-bit pipelined PPP receiver and transmitter dedicated packet processor circuits are implemented. The Leon processor core is embedded in the system and provides a programmable platform for PPP control protocols including LCP?s and NCP?s and application specific embedded software. An AMBA bus interface is used to interlink the Leon processor to the hardware packet processing unit and presents a standard interface allowing for easy retargeting to other processor platforms. Complex memory control is implemented to enable the microprocessor to handle the extreme data rate of the P⁵. The high-level system breakdown is described and synthesis results for Altera FPGA technology are presented.