It is feasible to generate derived Profiles from current openEHR archetypes, as the archetypes already contain more information that a profile does. The textual representation of a profile, archetype node ids (including path representation), and some node constraints will need further discussion to where and how should be created/stored.
An example of an autogenerated profile can be seen in openEHR-EHR-OBSERVATION.blood_pressure.v1.profile.xml