I would disagree slightly that you need to shoot portraits at 2.8 with this lens. I'm speaking as an extremely satisfied Sigm 50 1.4 owner, You can easily shoot this lens for portraits at F stops 1.8 or 2. These F stops really do wipe out the background (great smooth bokeh) and give you the full focus on the subject of your portrait. I have had some great portrait results with this lens shooting at F2, just I am always more careful about the focus with such a shallow DOF and always review results straight away to ensure both eyes are in focus.
2.8 for me dosen't always give the effect I like, I like the bokeh effect where the background is completely smooth and blown away. 2.8 for me leaves the background more visable than I like it! You will be doing this lens a huge injustice if you do shoot it at 2.8 in my opinion, as it gives fantastic results from 1.8 onwards. Ofcourse it is slightly soft at 1.4, but it makes this a very creative tool. I love the dreamy shots it produces at 1.4. Sharpness to me is not always king, great sharpness is not needed in portraits for a start. You want the eyes SHARP and in focus and you want the skin to be soft. This is why this Sigma lens is a fantastic portrait lens on APS and DX crop sensors, being an 80 mm equiv.
Anyway in summary, if you hadn't guessed... I highly recommend this lens! It really is one of my favourite lenses, I used to use the Nikon 50 1.8 D for portraits. I was stunned by how much better the Sigma was for portrait use. I just couldn't believe my eyes upon reviewing my first shoot with this lens! It really is a dream lens for such a low price, some people even say its as good as Canons 50mm 1.4 L lens which is about 3 or 4 times the price.