I have been tempted to try icc just for the fun of it, but there is one major issue to take into account: icc is only for x86 processors. I'm not interested in immediately alienating a portion of my audience just by catering to my own architecture.
The other thing is that it's perfectly well possible to build shared libraries without libtool- it's just a little easier. Unless you want to build the shared libs on multiple architectures, in which case it's significantly more complex.
It was mentioned a while ago, but this was before the new version was released, which can compile the kernel and is mostly compatible with gcc.
I doubt anybody expects a distribution compiled entirely with icc rather than gcc; certain packages would seemingly gain a large performance boost though.