Discovered this: https://cardanorust.iohk.io/
Looks great. Any rough sense on when Cardano Rust will support smart contracts? Is it being worked on now? Would be amazing.
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No, the project in question is a toolbox that has been used in the Byron era of Cardano and could be considered outdated right now.
When someone implements the Cardano node in Rust, it will have to have the support for Smart Contract to match the ledger specification.
The last commit was Feb. 4th, 2020. So, no it's not being worked on—at least not recently. See the Github repo here.