What we're talking about is not the difficulty of making one sufficiently intelligent compiler, but probably something more like six of them, along with every other compiler anyone ever wants to write again.
I don't know about you, but I'm not about to assume that we'll somehow manage to develop and maintain six of something we've never even developed one of. The Mill is no Itanium, but it is very unusual. They haven't even tried to make a normal assembler, their assembler is a C++ template metaprogram which generates the assembler which you then run to get your program.