I explored this topic a bit in a keynote earlier this year: https://github.com/trailofbits/publications/blob/master/pres...
I will also note that our long-term goal for Slither is to directly address some of the problems in Solidity (https://github.com/crytic/slither). It's like 2/3rds of a compiler already. It just needs a little extra push and we can generate EVM bytecode, then start ripping features out of the language that just aren't safe to use. It's amazing how far Ethereum has come with insecure tools but extreme testability. It begs the question what it would look like with both? I know Kadena is going for the clean slate approach (and we're keeping an eye on you all) but our investment at the moment is in adjustments to the current ecosystem.
The language I encouraged people to use for smart contracts was SPARK Ada. It's a mature language used in many industrial projects. Verification is easier with it. Building on what it already had would've cost them less and reduced risk. A SPARK Ada to EVM compiler is all they needed.
Also Vyper, which doesn't go as far but is already used in production: https://github.com/ethereum/vyper
The EVM itself isn't the end of the road either. Over the next couple years, Ethereum is migrating to a more scalable sharded version using proof of stake, and it looks like that will allow pluggable execution engines.
But then there's the question of whether any of those flaws are even reasonable to take upon your contract when you consider their use-case within a blockchain context. If you're only ever running terminating programs, why expose the entire language to the attack surface of non-determinism and re-entrancy bugs when there are very reasonable and expressive CbyC languages available?