There is a possibility of their making a 1:1 native crop camera? Is there any reason to believe this rumour? That would be very interesting news indeed.
I think there is indeed some logic to Sony making a square sensor FF camera. Seeing as how Sony is determined to stick with the EVF from here on out, it makes sense to make a multi-ratio camera. The EVF, being adaptive, would actually allow you to compose in various aspect ratios, where as an OVF would not.
Furthermore, a full 36mmx36mm sensor would allow you to shoot in the native 3:2, 4:3, or 5:4 format in either portrait or landscape with no need to physically rotate the camera. You could instead have a dedicated button to instantly change orientation.
Of coarse the main attraction here is the ability to shoot at different ratios while still making full use of the 43mm image circle. However, this could also be problematic for lenses with fixed hoods or rear mounted baffles.
All I know for sure is that I would happily pay for such a camera...especially if it is mirrorless. I could care less for the SLT design.