If we were to implement anything, it'd be PL/PSM (http://en.wikipedia.org/wiki/SQL/PSM). I'm sure it's as bizarre and quirky as anything else the SQL committee has brought forth, but it's at least a standard(ish) language.
So we'd choose a bizarre and quirky language instead of anything better just because it's standard. I'm sure current and prospective users will surely prefer a bizarre and quirky language that is standard approved, rather than a modern, comfortable, easy-to-use, that is not embodied by the ISO. No doubt ^_^
SQL/PSM is used in >>>DB2<<<, >>>Sybase Anywhere<<<, MySQL,
Creating a new language when there are already many existing contenders is absolutely nonsensical. Other than PL/PSM the only thing that'd make any sense would be to *pick a suitable existing language* like Lua or JavaScript and bless it as a supported, always-available, in-core language runtime that's compiled in by default.
That is in my opinion a way more sensible choice. To bless PL/JavaScript as an in-core language would be a very wise choice.