Lol! I think the proof of the pudding is in the eating...
Yes, so you can run tools on an ARM to design the XC3000 chips with 500 LUTs. Go for it!
Yeah... I don't think the solution is to swim upstream against the FPGA makers. Why not try something that might actually work?
If all you want to do is to implement combinational logic, you don't need the FPGA compiling tools. The LUTs are small memories. I believe they can be configured in ways that allow you to both use them as logic and to change their contents. It is the interconnect that you won't be able to mess with. So configure a network of LUTs and then reload them at will to implement your logic. Where do I get my money?