It's possible, but I don't see any reason to use a bridge in that situation unless you don't have a hub/switch.
You'll need a crossover cable unless your nic's are autosensing. Even if they are you should use a crossover cable because it's correct.
Then you'll need to read the Ethernet Bridge HOWTO from the Linux Documentation project, and then (this is the hard bit), figure out how to make it work with SME. It's possible someone's done it before, so do a thorough search first.
A bridge is a layer 2 device. The individual ethernet cards that make it up (layer 1 devices) don't have IP addresses (layer 3). Instead, they're bound together and the bridge has an IP address (or many IP addresses, if you want to complicate things). It would help to have a thorough understanding of the OSI model before trying it.