I think the case is even stronger if you're counting in transistors, because FPGAs usually come with multipliers built in, but bare silicon wafers don't. A CPU such as a 6502 or an Intersil 6100 (a PDP-8 on a chip) costs on the order of 4000 transistors. I suspect SeRV would be about the same size, maybe a bit smaller. How many transistors do you need for a 32-bit multiplier?