This issue tracks the release notes text for #132562.

Steps

• Proposed text is drafted by PR author (or team) making the noteworthy change.
• Issue is nominated for release team review of clarity for wider audience.
• Release team includes text in release notes/blog posts.

Release notes text

The responsible team for the underlying change should edit this section to replace the automatically generated link with a succinct description of what changed, drawing upon text proposed by the author (either in discussion or through direct editing).

# Compatibility notes
- Support for the target named `wasm32-wasi` has been removed as the target is now named `wasm32-wasip1`. This completes the [transition](https://github.com/rust-lang/compiler-team/issues/607) [plan](https://github.com/rust-lang/compiler-team/issues/695) for this target following [the introduction of `wasm32-wasip1`](https://github.com/rust-lang/rust/pull/120468) in Rust 1.78. Compiler warnings on [use of `wasm32-wasi`](https://github.com/rust-lang/rust/pull/126662) introduced in Rust 1.81 are now gone as well as the target is removed.

Release blog section

If the change is notable enough for inclusion in the blog post, the responsible team should add content to this section.
Otherwise leave it empty.

cc @alexcrichton, @jieyouxu -- origin issue/PR authors and assignees for starting to draft text