I think you'll find details regarding any discussion of async in rust and other languages - I don't mean to casually dismiss your question, but my objections are not unique.
The alternative mechanism is to use interrupts, DMA, multiple cores, distributed devices (eg a CAN network) a state machine, an RTOS, or, it sounds like in context of this thread, PIOs! You get the point. Do these provide a similar coding style? No, and that's the point. The coding style is the objection.
I find the "how else would you do it" style questions that come up frequently re Async rust (embedded or not) amusing. It's as if there is a new method of accomplishing a task, and asking a world that has been accomplishing this task for decades how it's possible to accomplish the task without the new thing!