The deployment of the new 5G system and ultra-broadband access networks, on one side, and the advent of network disaggregation and cloudification paradigms, on the other, are producing disruptive changes in metropolitan area networks (MANs). The new central offices will be more like small data centers than traditional Telco-type central offices. The presence of general-purpose servers, in partial or total replacement of specialized equipment or cards, and also hosting new functions and services, significantly changes the way the central office is organized and how the equipment internetworks. After having defined a reference architecture named cloudified-MAN, the paper briefly introduces the enabling technologies that include information technology (IT) systems, packet switches, and optical equipment. A disaggregated model is applied to all layers and systems. In the optics field, special insight on high data rate (up to 1.6 Tb/s) transceiver technology developed by the TERIPHIC project is provided as an example of low-cost and low-power technology. Through a quantitative techno-economic case study on a realistic network scenario aimed at short-term and medium-term time horizons, the paper provides indications on what could be the impact of the new architecture on costs and energy consumption. The main outcome of the study is that the IT and optical parts are those with the highest fractions of overall cost, and specifically for the optics, the cost of wavelength division multiplexing transceivers increases significantly in the medium term due to the demand for high-capacity connections ( > 400 G b / s ), while the line system cost (reconfigurable optical add-drop multiplexer) decreases in percentage. Another significant result is that in terms of energy consumption, the IT component has been found to be the dominant one (70%–75% of the total), followed by packet devices (about 20%–25%) and optical systems, the latter with significantly lower percentage values (less than 5%) in all cases analyzed.