In the README:
When the Rust compiler supports a preview2 version of the WASI target,
support in cargo component for adapting a preview1 module will be removed.
WebAssembly/WASI#577 IIUC now WASI has launched support for preview 2 🎉 - is there some plan/timeline for cargo component to update to use it? Anything some eager new contributors might be able to help with? 😁