I read somewhere you could make one, but I don't know how difficult that would be. I was always wondering if you could just use two USB -> Serial adapters with a null modem cable in the middle??
Nope, won't work. You need a USB device that explicitly understands USB debug mode. In this mode you don't have to set up the BARs (ie no memory required) to talk USB.
This guy was able to get it working with one USB -> Serial adapter (reversed) on an iMac (with ICH7) using Solaris as the host:
http://blogs.sun.com/szhou/entry/solaris_on_efi_imac