That is, if router manufacturers could also keep their crap safe...
If you don't trust an off the shelf router for this, you could also use a computer setup as a router with such relaying software. It would be as simple as running a dhcp server or something.
Routers could also default to denying any authentication from WAN, with the user changing this policy on a per device basis or just allow eveything.
This seems like it would give free range to sell shitty devices that are obsolete the moment they come out of packaging - or worse, that brick themselves on a timer for supposed security purposes (think HP ink cartridges.)
The solution for most devices is to simply keep them off the internet. Being a host on the internet requires some level of care and maintenance so you don't become a hazard to others. I doubt most light-bulbs or thermostats are worth the ongoing expenses of maintaining security updates into the indefinite future. In theory, traditional goods that last more than a few years should be more successful on the market than self-destructing devices with dubious internet features.
Now perhaps some good recycling laws would combat abuses of such an effect.
[0] And a pretty strong argument against "forever" IoT devices.
So when do you want me to turn off your colored LED light bulbs you bought? Yeah, thought so.
I assure you I have not (and never will) purchase any "internet enabled" (or "smart") device. Most devices worked just fine without a network interface.
To turn off my (standard) LED light bulbs, use the switch on the wall.
Creating embedded systems that won't be updated and live indefinitely is knowingly creating a hazard and nuisance to society.
[1] http://geer.tinho.net/geer.blackhat.6viii14.txt