What is the consequence of factoring and discrete log being in $P/poly$?
There appear to be pretty much no interesting consequences, from a complexity-theoretic perspective. See Consequences of Factoring being in P? on CSTheory. (Any consequence of factoring being in P/poly would also be a consequence of factoring being in P; but as the answers to that question state, there are basically no known complexity-theoretic consequences to factoring being in P.)
A Google search for "consequences of factoring in P/poly" also turns up Factoring Could be Easy.