I read about this a while ago. Apparently Intel's Management Technology which is built into like every Intel CPU now listens directly on the network interface so it can still send/receive data in case the OS is borked. It hooks in at ring 0. Like a rootkit the OS can't see.
It's common in the datacenter to come across motherboards with a switched eth0, with the BMC behind one leg and the user system behind another. You don't have to get that creative to get IPMI out of a machine when the OS is hosed -- to be honest, I think that is what you're actually thinking of, because "hook[ing] in on ring 0" is difficult to imagine working. You'd need driver awareness for when the management plane wants to transmit, at the least.
Not just SANs, pretty much their entire product line. iLO is a very common IPMI deployment at companies with HPe gear, which is a number of very large ones.