Creating a _nice_ and _reliable_ API with _good_ documentation that is _native_ to the language - I do think so, yes. Also keep in mind that there would be a specific devboard to build a community around.
And even before the coding starts, defining good abstractions for complex peripherals is very difficult. Counter/timer modules are the poster child for that. Heck, if you look at the Micropyothon issues on github you will find pages of vigorous debate about GPIO pullup configuration, much less anything complex.
