Aperture has many effects besides allowing more light in. Aperture effects the bokeh (the blurry background) and to get a subject to really stand out, you want a nice, not distracting bokeh. In addition to this, most fast lenses simply perform well. Since most lenses are much sharper and all around better optically when stopped down some, a 1.4 can take nice amazingly sharp pictures at 2.8, whereas a camera with a max aperture of f/4 could never reach 2.8, not to mention it would need to be stopped down to 5.6 or so to get the same sharpness. With this smaller aperture comes as larger DOF meaning the background is less blurred, and like you have mentioned slower shutter speeds; and in general for portraits faster is always better just because it means there is zero chance of any movement in the picture.
To illustrate the sharpness deal, most kit lenses need to be stopped to about f/8 or f/11 to be sharp. The 1.4 is razor sharp by f/4 - quite a big difference in speed and as a result blur.
All around faster glass is just better, because it allows you to use it at more apertures, not only wide open for low light.
If you'd like examples of the kit lens and the 50mm 1.4 both shot at say f/5.6 (since thats as low as the kit will go at that focal length) I can take a comparison shot for you. Let me know.
Leo, I suggest trying the 50mm first, because you may very well find that you like that focal length, and then you could get the macro lens for, well macro work, and for head shots alone instead of trying to buy 1 lens for all types of portraits.