They have explicitly stated that a Rust language specification is a non-goal for Ferrocene:
https://news.ycombinator.com/threads?id=thesuperbigfrog&next...
https://news.ycombinator.com/threads?id=thesuperbigfrog&next...
The thing here is: it would be harmful if we, Ferrous Systems, claimed or even be confused with a more general Rust spec. That's a) the privilege of the Rust project and b) problematic if consumers were to understand it that way.