Can anybody give me information on this lens and how it would be on a a850?
I have the A900 (which has the same sensor than the A850) and the Sony 50/1.4 : this lens is excellent. Wide open, the edges aren't sharp but it's better than the Minolta 50/1.7.
In regards to
this french review, you can consider the Sigma 50/1.4 HSM which seems to be better than the others 50mm : the bokeh is more creamy and it is the sharpest in the edges.
The only negative point for me is its weight (it's the reason why I sold the Sigma and I kept the Sony).

I am also looking at the 35 mm 1.4 G lens and wonder if that would be better?
A 35mm is very different of a 50mm. I prefer the 50mm which is more versatile (for me).
If you wonder if a 35/1.4 would be better than a 50/1.4, it depends : the sharpness is clearly better with the 50/1.4 whereas the bokeh of the 35/1.4 is just magic. Each lens has its avantages.
The problem of the 35/1.4 is the price. I think 35/2 has better value for money. You can find
here a comparaison between three 35mm with the A900.