To a first approximation, every dimension would be halved, which means 1/8th as much glass and about 1/8th as much cost to manufacture a certain number of lenses. Even accounting for different relative backfocus and much smaller production volume, I think they could sell a 12/1.4 for well under €1000. That's assuming that an equal proportion (not number) of 4/3" users as Nikon users would buy such a lens.
But slower primes would make more sense. More compact, more affordable, less risk. A portrait prime could well be f/1.4 though.
But slower primes would make more sense. More compact, more affordable, less risk. A portrait prime could well be f/1.4 though.