If you mean that not using Rust (or maybe some other languages e.g. Zig or Ada?) means that there can be no innovation in the Linux kernel, I would have to disagree since there's been plenty of progress in plain old c (see for instance io_uring), not to mention the fact that the c language itself could change to make developer ergonomics better - since that seems to be the nub of the problem.
It also raises the question of what happens in the future when Rust is no longer the language du jour - how do we know it's going to last the course? And now there's 2 different codebases, potentially maintained by 2 different diminishing sets of active maintainers.