diff --git a/Cargo.lock b/Cargo.lock
index 6132998d6816..8e5b94d6c58d 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -664,7 +664,7 @@ dependencies = [
  "target-lexicon",
  "thiserror",
  "toml",
- "wasmparser 0.118.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasmparser 0.119.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
  "wat",
 ]
 
@@ -843,7 +843,7 @@ dependencies = [
  "serde_derive",
  "smallvec",
  "target-lexicon",
- "wasmparser 0.118.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasmparser 0.119.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
  "wasmtime-types",
  "wat",
 ]
@@ -1074,6 +1074,13 @@ dependencies = [
  "windows-sys 0.52.0",
 ]
 
+[[package]]
+name = "example-component-wasm"
+version = "0.0.0"
+dependencies = [
+ "wit-bindgen",
+]
+
 [[package]]
 name = "example-fib-debug-wasm"
 version = "0.0.0"
@@ -2637,7 +2644,7 @@ version = "0.0.0"
 dependencies = [
  "cargo_metadata",
  "heck",
- "wit-component 0.19.0",
+ "wit-component 0.19.1",
 ]
 
 [[package]]
@@ -2942,7 +2949,7 @@ name = "verify-component-adapter"
 version = "18.0.0"
 dependencies = [
  "anyhow",
- "wasmparser 0.118.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasmparser 0.119.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
  "wat",
 ]
 
@@ -3049,7 +3056,7 @@ dependencies = [
  "byte-array-literals",
  "object",
  "wasi",
- "wasm-encoder 0.38.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasm-encoder 0.39.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
  "wit-bindgen",
 ]
 
@@ -3135,17 +3142,27 @@ dependencies = [
 
 [[package]]
 name = "wasm-encoder"
-version = "0.38.1"
-source = "git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1#1f926655fb11fcb5a792a267591519d8bdbd5321"
+version = "0.39.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "111495d6204760238512f57a9af162f45086504da332af210f2f75dd80b34f1d"
 dependencies = [
  "leb128",
 ]
 
+[[package]]
+name = "wasm-encoder"
+version = "0.39.0"
+source = "git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55#8c38ba42c17893d323b0c5a540f3e2db5fee8c4a"
+dependencies = [
+ "leb128",
+ "wasmparser 0.119.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
+]
+
 [[package]]
 name = "wasm-metadata"
-version = "0.10.14"
+version = "0.10.15"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d835d67708f6374937c550ad8dd1d17c616ae009e3f00d7a0ac9f7825e78c36a"
+checksum = "818931c85b1d197909699d36c509fa89550ccfa0d66932ba3c1726faddb4d0c7"
 dependencies = [
  "anyhow",
  "indexmap 2.0.0",
@@ -3153,14 +3170,14 @@ dependencies = [
  "serde_derive",
  "serde_json",
  "spdx",
- "wasm-encoder 0.38.1 (registry+https://github.com/rust-lang/crates.io-index)",
- "wasmparser 0.118.1 (registry+https://github.com/rust-lang/crates.io-index)",
+ "wasm-encoder 0.39.0 (registry+https://github.com/rust-lang/crates.io-index)",
+ "wasmparser 0.119.0 (registry+https://github.com/rust-lang/crates.io-index)",
 ]
 
 [[package]]
 name = "wasm-metadata"
-version = "0.10.14"
-source = "git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1#1f926655fb11fcb5a792a267591519d8bdbd5321"
+version = "0.10.15"
+source = "git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55#8c38ba42c17893d323b0c5a540f3e2db5fee8c4a"
 dependencies = [
  "anyhow",
  "indexmap 2.0.0",
@@ -3168,33 +3185,33 @@ dependencies = [
  "serde_derive",
  "serde_json",
  "spdx",
- "wasm-encoder 0.38.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
- "wasmparser 0.118.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasm-encoder 0.39.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
+ "wasmparser 0.119.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
 ]
 
 [[package]]
 name = "wasm-mutate"
-version = "0.2.43"
-source = "git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1#1f926655fb11fcb5a792a267591519d8bdbd5321"
+version = "0.2.44"
+source = "git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55#8c38ba42c17893d323b0c5a540f3e2db5fee8c4a"
 dependencies = [
  "egg",
  "log",
  "rand",
  "thiserror",
- "wasm-encoder 0.38.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
- "wasmparser 0.118.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasm-encoder 0.39.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
+ "wasmparser 0.119.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
 ]
 
 [[package]]
 name = "wasm-smith"
-version = "0.13.1"
-source = "git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1#1f926655fb11fcb5a792a267591519d8bdbd5321"
+version = "0.14.0"
+source = "git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55#8c38ba42c17893d323b0c5a540f3e2db5fee8c4a"
 dependencies = [
  "arbitrary",
  "flagset",
  "indexmap 2.0.0",
  "leb128",
- "wasm-encoder 0.38.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasm-encoder 0.39.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
 ]
 
 [[package]]
@@ -3247,9 +3264,21 @@ dependencies = [
 
 [[package]]
 name = "wasmparser"
-version = "0.118.1"
-source = "git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1#1f926655fb11fcb5a792a267591519d8bdbd5321"
+version = "0.119.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "8c35daf77afb4f9b14016625144a391085ec2ca99ca9cc53ed291bb53ab5278d"
+dependencies = [
+ "bitflags 2.4.1",
+ "indexmap 2.0.0",
+ "semver",
+]
+
+[[package]]
+name = "wasmparser"
+version = "0.119.0"
+source = "git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55#8c38ba42c17893d323b0c5a540f3e2db5fee8c4a"
 dependencies = [
+ "bitflags 2.4.1",
  "indexmap 2.0.0",
  "semver",
 ]
@@ -3265,11 +3294,11 @@ dependencies = [
 
 [[package]]
 name = "wasmprinter"
-version = "0.2.75"
-source = "git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1#1f926655fb11fcb5a792a267591519d8bdbd5321"
+version = "0.2.76"
+source = "git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55#8c38ba42c17893d323b0c5a540f3e2db5fee8c4a"
 dependencies = [
  "anyhow",
- "wasmparser 0.118.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasmparser 0.119.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
 ]
 
 [[package]]
@@ -3296,8 +3325,8 @@ dependencies = [
  "target-lexicon",
  "tempfile",
  "wasi-cap-std-sync",
- "wasm-encoder 0.38.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
- "wasmparser 0.118.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasm-encoder 0.39.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
+ "wasmparser 0.119.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
  "wasmtime-cache",
  "wasmtime-component-macro",
  "wasmtime-component-util",
@@ -3429,7 +3458,7 @@ dependencies = [
  "tokio",
  "tracing",
  "walkdir",
- "wasmparser 0.118.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasmparser 0.119.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
  "wasmtime",
  "wasmtime-cache",
  "wasmtime-cli-flags",
@@ -3444,9 +3473,10 @@ dependencies = [
  "wasmtime-wasi-nn",
  "wasmtime-wasi-threads",
  "wasmtime-wast",
- "wast 69.0.1",
+ "wast 70.0.0",
  "wat",
  "windows-sys 0.52.0",
+ "wit-component 0.19.1",
 ]
 
 [[package]]
@@ -3475,7 +3505,7 @@ dependencies = [
  "wasmtime",
  "wasmtime-component-util",
  "wasmtime-wit-bindgen",
- "wit-parser 0.13.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wit-parser 0.13.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
 ]
 
 [[package]]
@@ -3509,7 +3539,7 @@ dependencies = [
  "regex",
  "target-lexicon",
  "thiserror",
- "wasmparser 0.118.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasmparser 0.119.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
  "wasmtime-continuations",
  "wasmtime-cranelift-shared",
  "wasmtime-environ",
@@ -3546,8 +3576,8 @@ dependencies = [
  "serde_derive",
  "target-lexicon",
  "thiserror",
- "wasm-encoder 0.38.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
- "wasmparser 0.118.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasm-encoder 0.39.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
+ "wasmparser 0.119.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
  "wasmprinter",
  "wasmtime-component-util",
  "wasmtime-continuations",
@@ -3563,7 +3593,7 @@ dependencies = [
  "component-fuzz-util",
  "env_logger",
  "libfuzzer-sys",
- "wasmparser 0.118.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasmparser 0.119.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
  "wasmprinter",
  "wasmtime-environ",
  "wat",
@@ -3632,7 +3662,7 @@ dependencies = [
  "rand",
  "smallvec",
  "target-lexicon",
- "wasmparser 0.118.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasmparser 0.119.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
  "wasmtime",
  "wasmtime-fuzzing",
 ]
@@ -3652,12 +3682,12 @@ dependencies = [
  "target-lexicon",
  "tempfile",
  "v8",
- "wasm-encoder 0.38.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasm-encoder 0.39.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
  "wasm-mutate",
  "wasm-smith",
  "wasm-spec-interpreter",
  "wasmi",
- "wasmparser 0.118.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasmparser 0.119.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
  "wasmprinter",
  "wasmtime",
  "wasmtime-wast",
@@ -3729,7 +3759,7 @@ dependencies = [
  "rand",
  "rustix",
  "sptr",
- "wasm-encoder 0.38.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasm-encoder 0.39.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
  "wasmtime-asm-macros",
  "wasmtime-continuations",
  "wasmtime-environ",
@@ -3749,7 +3779,7 @@ dependencies = [
  "serde",
  "serde_derive",
  "thiserror",
- "wasmparser 0.118.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasmparser 0.119.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
 ]
 
 [[package]]
@@ -3860,7 +3890,7 @@ dependencies = [
  "anyhow",
  "log",
  "wasmtime",
- "wast 69.0.1",
+ "wast 70.0.0",
 ]
 
 [[package]]
@@ -3872,7 +3902,7 @@ dependencies = [
  "gimli",
  "object",
  "target-lexicon",
- "wasmparser 0.118.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasmparser 0.119.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
  "wasmtime-cranelift-shared",
  "wasmtime-environ",
  "winch-codegen",
@@ -3885,7 +3915,7 @@ dependencies = [
  "anyhow",
  "heck",
  "indexmap 2.0.0",
- "wit-parser 0.13.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wit-parser 0.13.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
 ]
 
 [[package]]
@@ -3903,21 +3933,21 @@ dependencies = [
 
 [[package]]
 name = "wast"
-version = "69.0.1"
-source = "git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1#1f926655fb11fcb5a792a267591519d8bdbd5321"
+version = "70.0.0"
+source = "git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55#8c38ba42c17893d323b0c5a540f3e2db5fee8c4a"
 dependencies = [
  "leb128",
  "memchr",
  "unicode-width",
- "wasm-encoder 0.38.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasm-encoder 0.39.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
 ]
 
 [[package]]
 name = "wat"
-version = "1.0.82"
-source = "git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1#1f926655fb11fcb5a792a267591519d8bdbd5321"
+version = "1.0.83"
+source = "git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55#8c38ba42c17893d323b0c5a540f3e2db5fee8c4a"
 dependencies = [
- "wast 69.0.1",
+ "wast 70.0.0",
 ]
 
 [[package]]
@@ -4042,7 +4072,7 @@ dependencies = [
  "regalloc2",
  "smallvec",
  "target-lexicon",
- "wasmparser 0.118.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasmparser 0.119.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
  "wasmtime-environ",
 ]
 
@@ -4058,7 +4088,7 @@ dependencies = [
  "similar",
  "target-lexicon",
  "toml",
- "wasmparser 0.118.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasmparser 0.119.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
  "wasmtime-environ",
  "wat",
  "winch-codegen",
@@ -4088,7 +4118,7 @@ dependencies = [
  "similar",
  "target-lexicon",
  "toml",
- "wasmparser 0.118.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasmparser 0.119.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
  "wasmtime-environ",
  "wat",
  "winch-codegen",
@@ -4239,9 +4269,9 @@ checksum = "dff9641d1cd4be8d1a070daf9e3773c5f67e78b4d9d42263020c057706765c04"
 
 [[package]]
 name = "winnow"
-version = "0.5.31"
+version = "0.5.34"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "97a4882e6b134d6c28953a387571f1acdd3496830d5e36c5e3a1075580ea641c"
+checksum = "b7cf47b659b318dccbd69cc4797a39ae128f533dce7902a1096044d1967b9c16"
 dependencies = [
  "memchr",
 ]
@@ -4274,7 +4304,7 @@ checksum = "147bee3fde39f80da448dc971d3357c34f5810605e0ba59345ebe576002371c8"
 dependencies = [
  "anyhow",
  "wit-component 0.18.2",
- "wit-parser 0.13.0 (registry+https://github.com/rust-lang/crates.io-index)",
+ "wit-parser 0.13.1 (registry+https://github.com/rust-lang/crates.io-index)",
 ]
 
 [[package]]
@@ -4285,7 +4315,7 @@ checksum = "3033046c0f9112a67dc6c1e4281347c8d5f1e01d4cafc01321c259d45e3b8e4f"
 dependencies = [
  "anyhow",
  "heck",
- "wasm-metadata 0.10.14 (registry+https://github.com/rust-lang/crates.io-index)",
+ "wasm-metadata 0.10.15 (registry+https://github.com/rust-lang/crates.io-index)",
  "wit-bindgen-core",
  "wit-component 0.18.2",
 ]
@@ -4318,16 +4348,16 @@ dependencies = [
  "serde",
  "serde_derive",
  "serde_json",
- "wasm-encoder 0.38.1 (registry+https://github.com/rust-lang/crates.io-index)",
- "wasm-metadata 0.10.14 (registry+https://github.com/rust-lang/crates.io-index)",
- "wasmparser 0.118.1 (registry+https://github.com/rust-lang/crates.io-index)",
- "wit-parser 0.13.0 (registry+https://github.com/rust-lang/crates.io-index)",
+ "wasm-encoder 0.38.1",
+ "wasm-metadata 0.10.15 (registry+https://github.com/rust-lang/crates.io-index)",
+ "wasmparser 0.118.1",
+ "wit-parser 0.13.1 (registry+https://github.com/rust-lang/crates.io-index)",
 ]
 
 [[package]]
 name = "wit-component"
-version = "0.19.0"
-source = "git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1#1f926655fb11fcb5a792a267591519d8bdbd5321"
+version = "0.19.1"
+source = "git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55#8c38ba42c17893d323b0c5a540f3e2db5fee8c4a"
 dependencies = [
  "anyhow",
  "bitflags 2.4.1",
@@ -4336,17 +4366,17 @@ dependencies = [
  "serde",
  "serde_derive",
  "serde_json",
- "wasm-encoder 0.38.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
- "wasm-metadata 0.10.14 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
- "wasmparser 0.118.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
- "wit-parser 0.13.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1)",
+ "wasm-encoder 0.39.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
+ "wasm-metadata 0.10.15 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
+ "wasmparser 0.119.0 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
+ "wit-parser 0.13.1 (git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55)",
 ]
 
 [[package]]
 name = "wit-parser"
-version = "0.13.0"
+version = "0.13.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "15df6b7b28ce94b8be39d8df5cb21a08a4f3b9f33b631aedb4aa5776f785ead3"
+checksum = "df4913a2219096373fd6512adead1fb77ecdaa59d7fc517972a7d30b12f625be"
 dependencies = [
  "anyhow",
  "id-arena",
@@ -4361,8 +4391,8 @@ dependencies = [
 
 [[package]]
 name = "wit-parser"
-version = "0.13.0"
-source = "git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.54.rev+1#1f926655fb11fcb5a792a267591519d8bdbd5321"
+version = "0.13.1"
+source = "git+https://github.com/wasmfx/wasmfx-tools?tag=wasmfx-tools-1.0.55#8c38ba42c17893d323b0c5a540f3e2db5fee8c4a"
 dependencies = [
  "anyhow",
  "id-arena",
diff --git a/Cargo.toml b/Cargo.toml
index 0647b5753942..acdcc66bcfca 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -92,6 +92,7 @@ serde_json = { workspace = true }
 walkdir = { workspace = true }
 test-programs-artifacts = { workspace = true }
 bytesize = "1.3.0"
+wit-component = { workspace = true }
 
 [target.'cfg(windows)'.dev-dependencies]
 windows-sys = { workspace = true, features = ["Win32_System_Memory"] }
@@ -119,6 +120,7 @@ members = [
   "examples/fib-debug/wasm",
   "examples/wasi/wasm",
   "examples/tokio/wasm",
+  "examples/component/wasm",
   "fuzz",
   "winch",
   "winch/codegen",
@@ -235,15 +237,15 @@ is-terminal = "0.4.0"
 wit-bindgen = { version = "0.15.0", default-features = false }
 
 # wasm-tools family:
-wasmparser    = { git = "https://github.com/wasmfx/wasmfx-tools", tag = "wasmfx-tools-1.0.54.rev+1" }
-wat           = { git = "https://github.com/wasmfx/wasmfx-tools", tag = "wasmfx-tools-1.0.54.rev+1" }
-wast          = { git = "https://github.com/wasmfx/wasmfx-tools", tag = "wasmfx-tools-1.0.54.rev+1" }
-wasmprinter   = { git = "https://github.com/wasmfx/wasmfx-tools", tag = "wasmfx-tools-1.0.54.rev+1" }
-wasm-encoder  = { git = "https://github.com/wasmfx/wasmfx-tools", tag = "wasmfx-tools-1.0.54.rev+1" }
-wasm-smith    = { git = "https://github.com/wasmfx/wasmfx-tools", tag = "wasmfx-tools-1.0.54.rev+1" }
-wasm-mutate   = { git = "https://github.com/wasmfx/wasmfx-tools", tag = "wasmfx-tools-1.0.54.rev+1" }
-wit-parser    = { git = "https://github.com/wasmfx/wasmfx-tools", tag = "wasmfx-tools-1.0.54.rev+1" }
-wit-component = { git = "https://github.com/wasmfx/wasmfx-tools", tag = "wasmfx-tools-1.0.54.rev+1" }
+wasmparser    = { git = "https://github.com/wasmfx/wasmfx-tools", tag = "wasmfx-tools-1.0.55" }
+wat           = { git = "https://github.com/wasmfx/wasmfx-tools", tag = "wasmfx-tools-1.0.55" }
+wast          = { git = "https://github.com/wasmfx/wasmfx-tools", tag = "wasmfx-tools-1.0.55" }
+wasmprinter   = { git = "https://github.com/wasmfx/wasmfx-tools", tag = "wasmfx-tools-1.0.55" }
+wasm-encoder  = { git = "https://github.com/wasmfx/wasmfx-tools", tag = "wasmfx-tools-1.0.55" }
+wasm-smith    = { git = "https://github.com/wasmfx/wasmfx-tools", tag = "wasmfx-tools-1.0.55" }
+wasm-mutate   = { git = "https://github.com/wasmfx/wasmfx-tools", tag = "wasmfx-tools-1.0.55" }
+wit-parser    = { git = "https://github.com/wasmfx/wasmfx-tools", tag = "wasmfx-tools-1.0.55" }
+wit-component = { git = "https://github.com/wasmfx/wasmfx-tools", tag = "wasmfx-tools-1.0.55" }
 
 # Non-Bytecode Alliance maintained dependencies:
 # --------------------------
diff --git a/cranelift/wasm/src/code_translator.rs b/cranelift/wasm/src/code_translator.rs
index bae8e0ffb442..f8c310a8d32f 100644
--- a/cranelift/wasm/src/code_translator.rs
+++ b/cranelift/wasm/src/code_translator.rs
@@ -2503,7 +2503,42 @@ pub fn translate_operator<FE: FuncEnvironment + ?Sized>(
             state.push1(r);
         }
 
-        Operator::RefI31 | Operator::I31GetS | Operator::I31GetU => {
+        Operator::TryTable { .. } | Operator::ThrowRef => {
+            unimplemented!("exception operators not yet implemented")
+        }
+
+        Operator::RefI31
+        | Operator::I31GetS
+        | Operator::I31GetU
+        | Operator::RefEq
+        | Operator::RefTestNonNull { .. }
+        | Operator::RefTestNullable { .. }
+        | Operator::RefCastNonNull { .. }
+        | Operator::RefCastNullable { .. }
+        | Operator::BrOnCast { .. }
+        | Operator::BrOnCastFail { .. }
+        | Operator::AnyConvertExtern
+        | Operator::ExternConvertAny
+        | Operator::ArrayNew { .. }
+        | Operator::ArrayNewDefault { .. }
+        | Operator::ArrayNewFixed { .. }
+        | Operator::ArrayNewData { .. }
+        | Operator::ArrayNewElem { .. }
+        | Operator::ArrayGet { .. }
+        | Operator::ArrayGetU { .. }
+        | Operator::ArrayGetS { .. }
+        | Operator::ArraySet { .. }
+        | Operator::ArrayLen { .. }
+        | Operator::ArrayFill { .. }
+        | Operator::ArrayCopy { .. }
+        | Operator::ArrayInitData { .. }
+        | Operator::ArrayInitElem { .. }
+        | Operator::StructNew { .. }
+        | Operator::StructNewDefault { .. }
+        | Operator::StructGetS { .. }
+        | Operator::StructGetU { .. }
+        | Operator::StructSet { .. }
+        | Operator::StructGet { .. } => {
             unimplemented!("GC operators not yet implemented")
         }
 
diff --git a/cranelift/wasm/src/sections_translator.rs b/cranelift/wasm/src/sections_translator.rs
index 5db475a5c209..2117645e5f79 100644
--- a/cranelift/wasm/src/sections_translator.rs
+++ b/cranelift/wasm/src/sections_translator.rs
@@ -409,6 +409,7 @@ pub fn parse_name_section<'data>(
             | wasmparser::Name::Memory(_)
             | wasmparser::Name::Element(_)
             | wasmparser::Name::Data(_)
+            | wasmparser::Name::Tag(_)
             | wasmparser::Name::Unknown { .. } => {}
         }
     }
diff --git a/cranelift/wasm/src/translation_utils.rs b/cranelift/wasm/src/translation_utils.rs
index 3efa3087204f..db0a07f076f4 100644
--- a/cranelift/wasm/src/translation_utils.rs
+++ b/cranelift/wasm/src/translation_utils.rs
@@ -4,7 +4,7 @@ use crate::WasmResult;
 use core::u32;
 use cranelift_codegen::ir;
 use cranelift_frontend::FunctionBuilder;
-use wasmparser::{FuncValidator, WasmFuncType, WasmModuleResources};
+use wasmparser::{FuncValidator, WasmModuleResources};
 use wasmtime_types::WasmType;
 
 /// Get the parameter and result types for the given Wasm blocktype.
@@ -30,11 +30,13 @@ where
         wasmparser::BlockType::FuncType(ty_index) => {
             let ty = validator
                 .resources()
-                .func_type_at(ty_index)
-                .expect("should be valid");
+                .sub_type_at(ty_index)
+                .expect("should be valid")
+                .unwrap_func();
+
             (
-                itertools::Either::Right(ty.inputs()),
-                itertools::Either::Right(ty.outputs()),
+                itertools::Either::Right(ty.params().iter().copied()),
+                itertools::Either::Right(ty.results().iter().copied()),
             )
         }
     });
diff --git a/cranelift/wasm/wasmtests/icall-simd.wat b/cranelift/wasm/wasmtests/icall-simd.wat
index d656b265b96a..ea6ea9d0570f 100644
--- a/cranelift/wasm/wasmtests/icall-simd.wat
+++ b/cranelift/wasm/wasmtests/icall-simd.wat
@@ -3,5 +3,5 @@
   (func $foo (export "foo") (param i32) (param v128) (result v128)
     (call_indirect (type $ft) (local.get 1) (local.get 0))
   )
-  (table (;0;) 23 23 anyfunc)
+  (table (;0;) 23 23 funcref)
 )
diff --git a/cranelift/wasm/wasmtests/icall.wat b/cranelift/wasm/wasmtests/icall.wat
index f1dde0eafea5..d0c0fb42fcd4 100644
--- a/cranelift/wasm/wasmtests/icall.wat
+++ b/cranelift/wasm/wasmtests/icall.wat
@@ -3,5 +3,5 @@
   (func $foo (export "foo") (param i32 f32) (result i32)
     (call_indirect (type $ft) (local.get 1) (local.get 0))
   )
-  (table (;0;) 23 23 anyfunc)
+  (table (;0;) 23 23 funcref)
 )
diff --git a/cranelift/wasm/wasmtests/unreachable_code.wat b/cranelift/wasm/wasmtests/unreachable_code.wat
index 38c1a315cef9..0fdcc51b3b3b 100644
--- a/cranelift/wasm/wasmtests/unreachable_code.wat
+++ b/cranelift/wasm/wasmtests/unreachable_code.wat
@@ -72,6 +72,6 @@
     end
     drop
   )
-  (table (;0;) 16 anyfunc)
+  (table (;0;) 16 funcref)
   (elem (i32.const 0))
 )
diff --git a/crates/environ/src/module_environ.rs b/crates/environ/src/module_environ.rs
index d8ef20054b5f..59e6d49987f8 100644
--- a/crates/environ/src/module_environ.rs
+++ b/crates/environ/src/module_environ.rs
@@ -892,6 +892,7 @@ and for re-adding support for interface types you can see this issue:
                 | wasmparser::Name::Memory(_)
                 | wasmparser::Name::Element(_)
                 | wasmparser::Name::Data(_)
+                | wasmparser::Name::Tag(_)
                 | wasmparser::Name::Unknown { .. } => {}
             }
         }
diff --git a/crates/fuzzing/src/generators/config.rs b/crates/fuzzing/src/generators/config.rs
index a5914ee36b84..d91de86b8200 100644
--- a/crates/fuzzing/src/generators/config.rs
+++ b/crates/fuzzing/src/generators/config.rs
@@ -47,7 +47,8 @@ impl Config {
         // Allow a memory to be generated, but don't let it get too large.
         // Additionally require the maximum size to guarantee that the growth
         // behavior is consistent across engines.
-        config.max_memory_pages = 10;
+        config.max_memory32_pages = 10;
+        config.max_memory64_pages = 10;
         config.memory_max_size_required = true;
 
         // If tables are generated make sure they don't get too large to avoid
@@ -339,11 +340,13 @@ impl<'a> Arbitrary<'a> for Config {
 
             // Ensure the pooling allocator can support the maximal size of
             // memory, picking the smaller of the two to win.
-            if cfg.max_memory_pages < pooling.memory_pages {
-                pooling.memory_pages = cfg.max_memory_pages;
-            } else {
-                cfg.max_memory_pages = pooling.memory_pages;
-            }
+            let min = cfg
+                .max_memory32_pages
+                .min(cfg.max_memory64_pages)
+                .min(pooling.memory_pages);
+            pooling.memory_pages = min;
+            cfg.max_memory32_pages = min;
+            cfg.max_memory64_pages = min;
 
             // If traps are disallowed then memories must have at least one page
             // of memory so if we still are only allowing 0 pages of memory then
@@ -351,7 +354,8 @@ impl<'a> Arbitrary<'a> for Config {
             if cfg.disallow_traps {
                 if pooling.memory_pages == 0 {
                     pooling.memory_pages = 1;
-                    cfg.max_memory_pages = 1;
+                    cfg.max_memory32_pages = 1;
+                    cfg.max_memory64_pages = 1;
                 }
                 // .. additionally update tables
                 if pooling.table_elements == 0 {
diff --git a/crates/fuzzing/src/generators/module.rs b/crates/fuzzing/src/generators/module.rs
index 7ff78c2b7d68..e274220212cd 100644
--- a/crates/fuzzing/src/generators/module.rs
+++ b/crates/fuzzing/src/generators/module.rs
@@ -1,21 +1,20 @@
 //! Generate a Wasm module and the configuration for generating it.
 
 use arbitrary::{Arbitrary, Unstructured};
-use wasm_smith::SwarmConfig;
 
 /// Default module-level configuration for fuzzing Wasmtime.
 ///
-/// Internally this uses `wasm-smith`'s own `SwarmConfig` but we further refine
+/// Internally this uses `wasm-smith`'s own `Config` but we further refine
 /// the defaults here as well.
 #[derive(Debug, Clone)]
 pub struct ModuleConfig {
     #[allow(missing_docs)]
-    pub config: SwarmConfig,
+    pub config: wasm_smith::Config,
 }
 
 impl<'a> Arbitrary<'a> for ModuleConfig {
     fn arbitrary(u: &mut Unstructured<'a>) -> arbitrary::Result<ModuleConfig> {
-        let mut config = SwarmConfig::arbitrary(u)?;
+        let mut config = wasm_smith::Config::arbitrary(u)?;
 
         // Allow multi-memory but make it unlikely
         if u.ratio(1, 20)? {
diff --git a/crates/fuzzing/src/generators/single_inst_module.rs b/crates/fuzzing/src/generators/single_inst_module.rs
index e42b452244a3..9a66fcdf1761 100644
--- a/crates/fuzzing/src/generators/single_inst_module.rs
+++ b/crates/fuzzing/src/generators/single_inst_module.rs
@@ -314,11 +314,11 @@ static INSTRUCTIONS: &[SingleInstModule] = &[
     inst!(F32Ge, (f32, f32) -> i32),
     inst!(F64Ge, (f64, f64) -> i32),
     // Integer conversions ("to integer").
-    inst!(I32Extend8S, (i32) -> i32, |c| c.config.sign_extension_enabled),
-    inst!(I32Extend16S, (i32) -> i32, |c| c.config.sign_extension_enabled),
-    inst!(I64Extend8S, (i64) -> i64, |c| c.config.sign_extension_enabled),
-    inst!(I64Extend16S, (i64) -> i64, |c| c.config.sign_extension_enabled),
-    inst!(I64Extend32S, (i64) -> i64, |c| c.config.sign_extension_enabled),
+    inst!(I32Extend8S, (i32) -> i32, |c| c.config.sign_extension_ops_enabled),
+    inst!(I32Extend16S, (i32) -> i32, |c| c.config.sign_extension_ops_enabled),
+    inst!(I64Extend8S, (i64) -> i64, |c| c.config.sign_extension_ops_enabled),
+    inst!(I64Extend16S, (i64) -> i64, |c| c.config.sign_extension_ops_enabled),
+    inst!(I64Extend32S, (i64) -> i64, |c| c.config.sign_extension_ops_enabled),
     inst!(I32WrapI64, (i64) -> i32),
     inst!(I64ExtendI32S, (i32) -> i64),
     inst!(I64ExtendI32U, (i32) -> i64),
diff --git a/crates/test-programs/artifacts/build.rs b/crates/test-programs/artifacts/build.rs
index 193c2b3134dd..a515415b604c 100644
--- a/crates/test-programs/artifacts/build.rs
+++ b/crates/test-programs/artifacts/build.rs
@@ -74,6 +74,7 @@ fn build_and_generate_tests() {
             s if s.starts_with("cli_") => "cli",
             s if s.starts_with("api_") => "api",
             s if s.starts_with("nn_") => "nn",
+            s if s.starts_with("piped_") => "piped",
             // If you're reading this because you hit this panic, either add it
             // to a test suite above or add a new "suite". The purpose of the
             // categorization above is to have a static assertion that tests
diff --git a/crates/test-programs/src/bin/piped_polling.rs b/crates/test-programs/src/bin/piped_polling.rs
new file mode 100644
index 000000000000..05f8b35a8596
--- /dev/null
+++ b/crates/test-programs/src/bin/piped_polling.rs
@@ -0,0 +1,51 @@
+use test_programs::wasi::cli::{stdin, stdout};
+
+fn main() {
+    match std::env::var("PIPED_SIDE")
+        .expect("piped tests require the PIPED_SIDE env var")
+        .as_str()
+    {
+        "PRODUCER" => producer(),
+        "CONSUMER" => consumer(),
+        side => panic!("unknown piped test side: {side}"),
+    }
+}
+
+fn producer() {
+    let out = stdout::get_stdout();
+    let out_pollable = out.subscribe();
+
+    for i in 1..100 {
+        let message = format!("{i}");
+        loop {
+            let available = out.check_write().unwrap() as usize;
+            if available >= message.len() {
+                break;
+            }
+
+            out_pollable.block();
+            assert!(out_pollable.ready());
+        }
+
+        out.write(message.as_bytes()).unwrap()
+    }
+
+    drop(out_pollable);
+}
+
+fn consumer() {
+    let stdin = stdin::get_stdin();
+    let stdin_pollable = stdin.subscribe();
+
+    for i in 1..100 {
+        let expected = format!("{i}");
+
+        stdin_pollable.block();
+        assert!(stdin_pollable.ready());
+
+        let bytes = stdin.read(expected.len() as u64).unwrap();
+        assert_eq!(&bytes, expected.as_bytes());
+    }
+
+    drop(stdin_pollable);
+}
diff --git a/crates/test-programs/src/bin/piped_simple.rs b/crates/test-programs/src/bin/piped_simple.rs
new file mode 100644
index 000000000000..323e463335aa
--- /dev/null
+++ b/crates/test-programs/src/bin/piped_simple.rs
@@ -0,0 +1,30 @@
+use test_programs::wasi::cli::{stdin, stdout};
+
+fn main() {
+    match std::env::var("PIPED_SIDE")
+        .expect("piped tests require the PIPED_SIDE env var")
+        .as_str()
+    {
+        "PRODUCER" => producer(),
+        "CONSUMER" => consumer(),
+        side => panic!("unknown piped test side: {side}"),
+    }
+}
+
+const CHUNK: &[u8] = &[b'a'; 50];
+
+fn producer() {
+    let out = stdout::get_stdout();
+    let n = out.check_write().unwrap() as usize;
+    assert!(n > CHUNK.len());
+    out.write(CHUNK).unwrap();
+}
+
+fn consumer() {
+    let stdin = stdin::get_stdin();
+    let stdin_pollable = stdin.subscribe();
+    stdin_pollable.block();
+    assert!(stdin_pollable.ready());
+    let bytes = stdin.read(CHUNK.len() as u64).unwrap();
+    assert_eq!(&bytes, CHUNK);
+}
diff --git a/crates/test-programs/src/bin/preview2_stream_pollable_correct.rs b/crates/test-programs/src/bin/preview2_stream_pollable_correct.rs
index 044ebb336aa9..7b2247764fc9 100644
--- a/crates/test-programs/src/bin/preview2_stream_pollable_correct.rs
+++ b/crates/test-programs/src/bin/preview2_stream_pollable_correct.rs
@@ -1,11 +1,27 @@
-use test_programs::wasi::cli::stdin;
-use test_programs::wasi::io::streams;
+use test_programs::wasi::cli::{stdin, stdout};
 
 fn main() {
-    let stdin: streams::InputStream = stdin::get_stdin();
+    let stdin = stdin::get_stdin();
     let stdin_pollable = stdin.subscribe();
     stdin_pollable.block();
     assert!(stdin_pollable.ready(), "after blocking, pollable is ready");
     drop(stdin_pollable);
     drop(stdin);
+
+    // Pollables can be used many times over their lifetime
+    let stdout = stdout::get_stdout();
+    let stdout_pollable = stdout.subscribe();
+
+    let chunk = [b'a'; 50];
+    for _ in 1..10 {
+        stdout_pollable.block();
+        assert!(stdout_pollable.ready(), "after blocking, pollable is ready");
+
+        let n = stdout.check_write().unwrap() as usize;
+        assert!(n >= chunk.len());
+        stdout.write(&chunk).unwrap();
+    }
+
+    drop(stdout_pollable);
+    drop(stdout);
 }
diff --git a/crates/types/src/lib.rs b/crates/types/src/lib.rs
index c5ae1d1ade64..4a32417fa69b 100644
--- a/crates/types/src/lib.rs
+++ b/crates/types/src/lib.rs
@@ -515,6 +515,7 @@ pub trait TypeConvert {
             wasmparser::HeapType::Concrete(i) => self.lookup_heap_type(i),
 
             wasmparser::HeapType::Any
+            | wasmparser::HeapType::Exn
             | wasmparser::HeapType::None
             | wasmparser::HeapType::NoExtern
             | wasmparser::HeapType::NoFunc
diff --git a/crates/wasmtime/src/engine/serialization.rs b/crates/wasmtime/src/engine/serialization.rs
index 28a3128e4b08..4cbf38ca1dfe 100644
--- a/crates/wasmtime/src/engine/serialization.rs
+++ b/crates/wasmtime/src/engine/serialization.rs
@@ -223,6 +223,7 @@ impl Metadata<'_> {
             typed_continuations,
             gc,
             component_model_values,
+            component_model_nested_names,
 
             // Always on; we don't currently have knobs for these.
             mutable_global: _,
@@ -234,6 +235,7 @@ impl Metadata<'_> {
         assert!(!memory_control);
         assert!(!gc);
         assert!(!component_model_values);
+        assert!(!component_model_nested_names);
 
         Metadata {
             target: engine.compiler().triple().to_string(),
diff --git a/examples/CMakeLists.txt b/examples/CMakeLists.txt
index e4330951434d..4277fcdc64d7 100644
--- a/examples/CMakeLists.txt
+++ b/examples/CMakeLists.txt
@@ -62,6 +62,7 @@ create_target(wasi wasi/main.c)
 create_rust_wasm(fib-debug wasm32-unknown-unknown)
 create_rust_wasm(tokio wasm32-wasi)
 create_rust_wasm(wasi wasm32-wasi)
+create_rust_wasm(component wasm32-unknown-unknown)
 create_rust_test(epochs)
 create_rust_test(externref)
 create_rust_test(fib-debug)
@@ -77,3 +78,4 @@ create_rust_test(serialize)
 create_rust_test(threads)
 create_rust_test(wasi)
 create_rust_test(tokio wasmtime-wasi/tokio)
+create_rust_test(component)
diff --git a/examples/component/convert.wit b/examples/component/convert.wit
new file mode 100644
index 000000000000..1a10ce5be4f2
--- /dev/null
+++ b/examples/component/convert.wit
@@ -0,0 +1,11 @@
+package local:demo;
+
+world convert {
+    /// This interface needs to be provided by the host
+    import host: interface {
+      /// Example function that does a simple a × b operation
+      multiply: func(a: float32, b: float32) -> float32;
+    }
+    /// Exported function for computing: (°C × 9/5) + 32 = °F
+    export convert-celsius-to-fahrenheit: func(x: float32) -> float32;
+}
diff --git a/examples/component/main.rs b/examples/component/main.rs
new file mode 100644
index 000000000000..0c5d26389ed0
--- /dev/null
+++ b/examples/component/main.rs
@@ -0,0 +1,63 @@
+use anyhow::Context;
+use std::{fs, path::Path};
+use wit_component;
+
+use wasmtime::{
+    component::{bindgen, Component, Linker},
+    Config, Engine, Result, Store,
+};
+
+// Generate bindings of the guest and host components.
+bindgen!("convert" in "./examples/component/convert.wit");
+
+struct HostComponent;
+
+// Implmentation of the host interface defined in the wit file.
+impl host::Host for HostComponent {
+    fn multiply(&mut self, a: f32, b: f32) -> wasmtime::Result<f32> {
+        Ok(a * b)
+    }
+}
+
+struct MyState {
+    host: HostComponent,
+}
+
+/// This function is only needed until rust can natively output a component.
+///
+/// Generally embeddings should not be expected to do this programatically, but instead
+/// language specific tooling should be used, for example in Rust `cargo component`
+/// is a good way of doing that: https://github.com/bytecodealliance/cargo-component
+///
+/// In this example we convert the code here to simplify the testing process and build system.
+fn convert_to_component(path: impl AsRef<Path>) -> Result<Vec<u8>> {
+    let bytes = &fs::read(&path).context("failed to read input file")?;
+    wit_component::ComponentEncoder::default()
+        .module(&bytes)?
+        .encode()
+}
+
+fn main() -> Result<()> {
+    // Create an engine with the component model enabled (disabled by default).
+    let engine = Engine::new(Config::new().wasm_component_model(true))?;
+
+    // NOTE: The wasm32-unknown-unknown target is used here for simplicity, real world use cases
+    // should probably use the wasm32-wasi target, and enable wasi preview2 within the component
+    // model.
+    let component = convert_to_component("target/wasm32-unknown-unknown/debug/guest.wasm")?;
+
+    // Create our component and call our generated host function.
+    let component = Component::from_binary(&engine, &component)?;
+    let mut store = Store::new(
+        &engine,
+        MyState {
+            host: HostComponent {},
+        },
+    );
+    let mut linker = Linker::new(&engine);
+    host::add_to_linker(&mut linker, |state: &mut MyState| &mut state.host)?;
+    let (convert, _instance) = Convert::instantiate(&mut store, &component, &linker)?;
+    let result = convert.call_convert_celsius_to_fahrenheit(&mut store, 23.4)?;
+    println!("Converted to: {:?}", result);
+    Ok(())
+}
diff --git a/examples/component/wasm/Cargo.toml b/examples/component/wasm/Cargo.toml
new file mode 100644
index 000000000000..d3380f5120a3
--- /dev/null
+++ b/examples/component/wasm/Cargo.toml
@@ -0,0 +1,14 @@
+[package]
+name = "example-component-wasm"
+version = "0.0.0"
+authors = ["The Wasmtime Project Developers"]
+edition = "2021"
+publish = false
+
+[dependencies]
+wit-bindgen = { workspace = true, default-features = true }
+
+[lib]
+path = "guest.rs"
+name = "guest"
+crate-type = ["cdylib"]
diff --git a/examples/component/wasm/guest.rs b/examples/component/wasm/guest.rs
new file mode 100644
index 000000000000..05c806b9c58d
--- /dev/null
+++ b/examples/component/wasm/guest.rs
@@ -0,0 +1,17 @@
+// Use wit_bindgen to generate the bindings from the component model to Rust.
+// For more information see: https://github.com/bytecodealliance/wit-bindgen/
+wit_bindgen::generate!({
+    path: "..",
+    world: "convert",
+    exports: {
+        world: GuestComponent,
+    },
+});
+
+struct GuestComponent;
+
+impl Guest for GuestComponent {
+    fn convert_celsius_to_fahrenheit(x: f32) -> f32 {
+        host::multiply(x, 1.8) + 32.0
+    }
+}
diff --git a/supply-chain/imports.lock b/supply-chain/imports.lock
index 3f56c9a9761a..60fbc5112890 100644
--- a/supply-chain/imports.lock
+++ b/supply-chain/imports.lock
@@ -1947,6 +1947,13 @@ user-id = 1
 user-login = "alexcrichton"
 user-name = "Alex Crichton"
 
+[[publisher.wasm-encoder]]
+version = "0.39.0"
+when = "2024-01-09"
+user-id = 1
+user-login = "alexcrichton"
+user-name = "Alex Crichton"
+
 [[publisher.wasm-metadata]]
 version = "0.10.9"
 when = "2023-10-14"
@@ -1982,6 +1989,13 @@ user-id = 1
 user-login = "alexcrichton"
 user-name = "Alex Crichton"
 
+[[publisher.wasm-metadata]]
+version = "0.10.15"
+when = "2024-01-09"
+user-id = 1
+user-login = "alexcrichton"
+user-name = "Alex Crichton"
+
 [[publisher.wasm-mutate]]
 version = "0.2.38"
 when = "2023-10-14"
@@ -2010,6 +2024,13 @@ user-id = 1
 user-login = "alexcrichton"
 user-name = "Alex Crichton"
 
+[[publisher.wasm-mutate]]
+version = "0.2.44"
+when = "2024-01-09"
+user-id = 1
+user-login = "alexcrichton"
+user-name = "Alex Crichton"
+
 [[publisher.wasm-smith]]
 version = "0.12.21"
 when = "2023-10-14"
@@ -2045,6 +2066,13 @@ user-id = 1
 user-login = "alexcrichton"
 user-name = "Alex Crichton"
 
+[[publisher.wasm-smith]]
+version = "0.14.0"
+when = "2024-01-09"
+user-id = 1
+user-login = "alexcrichton"
+user-name = "Alex Crichton"
+
 [[publisher.wasmparser]]
 version = "0.115.0"
 when = "2023-10-14"
@@ -2080,6 +2108,13 @@ user-id = 1
 user-login = "alexcrichton"
 user-name = "Alex Crichton"
 
+[[publisher.wasmparser]]
+version = "0.119.0"
+when = "2024-01-09"
+user-id = 1
+user-login = "alexcrichton"
+user-name = "Alex Crichton"
+
 [[publisher.wasmprinter]]
 version = "0.2.70"
 when = "2023-10-14"
@@ -2115,6 +2150,13 @@ user-id = 1
 user-login = "alexcrichton"
 user-name = "Alex Crichton"
 
+[[publisher.wasmprinter]]
+version = "0.2.76"
+when = "2024-01-09"
+user-id = 1
+user-login = "alexcrichton"
+user-name = "Alex Crichton"
+
 [[publisher.wasmtime]]
 version = "14.0.2"
 when = "2023-10-26"
@@ -2750,6 +2792,13 @@ user-id = 1
 user-login = "alexcrichton"
 user-name = "Alex Crichton"
 
+[[publisher.wast]]
+version = "70.0.0"
+when = "2024-01-09"
+user-id = 1
+user-login = "alexcrichton"
+user-name = "Alex Crichton"
+
 [[publisher.wat]]
 version = "1.0.77"
 when = "2023-10-14"
@@ -2785,6 +2834,13 @@ user-id = 1
 user-login = "alexcrichton"
 user-name = "Alex Crichton"
 
+[[publisher.wat]]
+version = "1.0.83"
+when = "2024-01-09"
+user-id = 1
+user-login = "alexcrichton"
+user-name = "Alex Crichton"
+
 [[publisher.wiggle]]
 version = "14.0.2"
 when = "2023-10-26"
@@ -3161,6 +3217,13 @@ user-id = 1
 user-login = "alexcrichton"
 user-name = "Alex Crichton"
 
+[[publisher.wit-component]]
+version = "0.19.1"
+when = "2024-01-09"
+user-id = 1
+user-login = "alexcrichton"
+user-name = "Alex Crichton"
+
 [[publisher.wit-parser]]
 version = "0.12.1"
 when = "2023-10-18"
@@ -3182,6 +3245,13 @@ user-id = 1
 user-login = "alexcrichton"
 user-name = "Alex Crichton"
 
+[[publisher.wit-parser]]
+version = "0.13.1"
+when = "2024-01-09"
+user-id = 1
+user-login = "alexcrichton"
+user-name = "Alex Crichton"
+
 [[audits.embark-studios.wildcard-audits.spdx]]
 who = "Jake Shadle <opensource@embark-studios.com>"
 criteria = "safe-to-deploy"
diff --git a/tests/all/cli_tests/rs2wasm-add-func.wat b/tests/all/cli_tests/rs2wasm-add-func.wat
index 89af3ffc4dca..660cd87434dd 100644
--- a/tests/all/cli_tests/rs2wasm-add-func.wat
+++ b/tests/all/cli_tests/rs2wasm-add-func.wat
@@ -6,7 +6,7 @@
     local.get 0
     i32.add)
   (func $start (type 0))
-  (table (;0;) 1 1 anyfunc)
+  (table (;0;) 1 1 funcref)
   (memory (;0;) 17)
   (global (;0;) i32 (i32.const 1049114))
   (global (;1;) i32 (i32.const 1049114))
diff --git a/tests/all/invoke_func_via_table.rs b/tests/all/invoke_func_via_table.rs
index 8edb1838645b..d8a42fa3799a 100644
--- a/tests/all/invoke_func_via_table.rs
+++ b/tests/all/invoke_func_via_table.rs
@@ -11,7 +11,7 @@ fn test_invoke_func_via_table() -> Result<()> {
       (module
         (func $f (result i64) (i64.const 42))
 
-        (table (export "table") 1 1 anyfunc)
+        (table (export "table") 1 1 funcref)
         (elem (i32.const 0) $f)
       )
     "#;
diff --git a/tests/all/limits.rs b/tests/all/limits.rs
index ea6d02c08009..ffcc793caa6e 100644
--- a/tests/all/limits.rs
+++ b/tests/all/limits.rs
@@ -12,7 +12,7 @@ fn test_limits() -> Result<()> {
         &engine,
         r#"(module
             (memory $m (export "m") 0)
-            (table (export "t") 0 anyfunc)
+            (table (export "t") 0 funcref)
             (func (export "grow") (param i32) (result i32)
               (memory.grow $m (local.get 0)))
            )"#,
@@ -100,7 +100,7 @@ async fn test_limits_async() -> Result<()> {
     let engine = Engine::new(&config).unwrap();
     let module = Module::new(
         &engine,
-        r#"(module (memory (export "m") 0) (table (export "t") 0 anyfunc))"#,
+        r#"(module (memory (export "m") 0) (table (export "t") 0 funcref))"#,
     )?;
 
     struct LimitsAsync {
@@ -190,7 +190,7 @@ fn test_limits_memory_only() -> Result<()> {
     let engine = Engine::default();
     let module = Module::new(
         &engine,
-        r#"(module (memory (export "m") 0) (table (export "t") 0 anyfunc))"#,
+        r#"(module (memory (export "m") 0) (table (export "t") 0 funcref))"#,
     )?;
 
     let mut store = Store::new(
@@ -276,7 +276,7 @@ fn test_limits_table_only() -> Result<()> {
     let engine = Engine::default();
     let module = Module::new(
         &engine,
-        r#"(module (memory (export "m") 0) (table (export "t") 0 anyfunc))"#,
+        r#"(module (memory (export "m") 0) (table (export "t") 0 funcref))"#,
     )?;
 
     let mut store = Store::new(&engine, StoreLimitsBuilder::new().table_elements(5).build());
@@ -323,7 +323,7 @@ fn test_limits_table_only() -> Result<()> {
 #[test]
 fn test_initial_table_limits_exceeded() -> Result<()> {
     let engine = Engine::default();
-    let module = Module::new(&engine, r#"(module (table (export "t") 23 anyfunc))"#)?;
+    let module = Module::new(&engine, r#"(module (table (export "t") 23 funcref))"#)?;
 
     let mut store = Store::new(&engine, StoreLimitsBuilder::new().table_elements(4).build());
     store.limiter(|s| s as &mut dyn ResourceLimiter);
@@ -661,7 +661,7 @@ fn test_custom_table_limiter() -> Result<()> {
     let engine = Engine::default();
     let linker = Linker::new(&engine);
 
-    let module = Module::new(&engine, r#"(module (table (export "t") 0 anyfunc))"#)?;
+    let module = Module::new(&engine, r#"(module (table (export "t") 0 funcref))"#)?;
 
     let context = TableContext {
         elements_used: 0,
@@ -752,7 +752,7 @@ fn custom_limiter_detect_grow_failure() -> Result<()> {
 
     let module = Module::new(
         &engine,
-        r#"(module (memory (export "m") 0) (table (export "t") 0 anyfunc))"#,
+        r#"(module (memory (export "m") 0) (table (export "t") 0 funcref))"#,
     )?;
 
     let context = FailureDetector::default();
@@ -864,7 +864,7 @@ async fn custom_limiter_async_detect_grow_failure() -> Result<()> {
 
     let module = Module::new(
         &engine,
-        r#"(module (memory (export "m") 0) (table (export "t") 0 anyfunc))"#,
+        r#"(module (memory (export "m") 0) (table (export "t") 0 funcref))"#,
     )?;
 
     let context = FailureDetector::default();
@@ -1023,7 +1023,7 @@ fn panic_in_table_limiter() {
     let engine = Engine::default();
     let linker = Linker::new(&engine);
 
-    let module = Module::new(&engine, r#"(module (table (export "t") 0 anyfunc))"#).unwrap();
+    let module = Module::new(&engine, r#"(module (table (export "t") 0 funcref))"#).unwrap();
 
     let mut store = Store::new(&engine, Panic);
     store.limiter(|s| s as &mut dyn ResourceLimiter);
@@ -1095,7 +1095,7 @@ async fn panic_in_async_table_limiter() {
     let engine = Engine::new(&config).unwrap();
     let linker = Linker::new(&engine);
 
-    let module = Module::new(&engine, r#"(module (table (export "t") 0 anyfunc))"#).unwrap();
+    let module = Module::new(&engine, r#"(module (table (export "t") 0 funcref))"#).unwrap();
 
     let mut store = Store::new(&engine, Panic);
     store.limiter_async(|s| s as &mut dyn ResourceLimiterAsync);
@@ -1117,7 +1117,7 @@ fn growth_trap() -> Result<()> {
         &engine,
         r#"(module
             (memory $m (export "m") 0)
-            (table (export "t") 0 anyfunc)
+            (table (export "t") 0 funcref)
             (func (export "grow") (param i32) (result i32)
               (memory.grow $m (local.get 0)))
            )"#,
diff --git a/tests/all/main.rs b/tests/all/main.rs
index e308b4b4321b..bb8ac88b0571 100644
--- a/tests/all/main.rs
+++ b/tests/all/main.rs
@@ -27,6 +27,7 @@ mod memory_creator;
 mod module;
 mod module_serialize;
 mod name;
+mod piped_tests;
 mod pooling_allocator;
 mod relocs;
 mod stack_creator;
diff --git a/tests/all/piped_tests.rs b/tests/all/piped_tests.rs
new file mode 100644
index 000000000000..95f007d049d3
--- /dev/null
+++ b/tests/all/piped_tests.rs
@@ -0,0 +1,72 @@
+#![cfg(not(miri))]
+
+use super::cli_tests::get_wasmtime_command;
+use anyhow::Result;
+use std::process::{ChildStdout, Command, Stdio};
+
+fn producer_command(component_path: &str) -> Result<Command> {
+    let mut cmd = get_wasmtime_command()?;
+    cmd.arg("run")
+        .arg("-Wcomponent-model")
+        .arg("--env")
+        .arg("PIPED_SIDE=PRODUCER")
+        .arg(component_path)
+        .stdout(Stdio::piped());
+    Ok(cmd)
+}
+
+fn consumer_command(component_path: &str, input: ChildStdout) -> Result<Command> {
+    let mut cmd = get_wasmtime_command()?;
+    cmd.arg("run")
+        .arg("-Wcomponent-model")
+        .arg("--env")
+        .arg("PIPED_SIDE=CONSUMER")
+        .arg(component_path)
+        .stdin(input);
+    Ok(cmd)
+}
+
+pub fn run_wasmtime_piped(component_path: &str) -> Result<()> {
+    let mut producer = producer_command(component_path)?.spawn()?;
+    let stdout = producer.stdout.take().unwrap();
+    let mut consumer = consumer_command(component_path, stdout)?.spawn()?;
+
+    let producer = producer.wait()?;
+    if !producer.success() {
+        // make sure the consumer gets killed off
+        if consumer.try_wait().is_err() {
+            consumer.kill().expect("Failed to kill consumer");
+        }
+
+        panic!("Producer failed");
+    }
+
+    assert!(consumer.wait()?.success(), "Consumer failed");
+
+    Ok(())
+}
+
+mod test_programs {
+    use super::run_wasmtime_piped;
+    use test_programs_artifacts::*;
+
+    macro_rules! assert_test_exists {
+        ($name:ident) => {
+            #[allow(unused_imports)]
+            use self::$name as _;
+        };
+    }
+    foreach_piped!(assert_test_exists);
+
+    // Below here is mechanical: there should be one test for every binary in
+    // wasi-tests.
+    #[test]
+    fn piped_simple() {
+        run_wasmtime_piped(PIPED_SIMPLE_COMPONENT).unwrap()
+    }
+
+    #[test]
+    fn piped_polling() {
+        run_wasmtime_piped(PIPED_POLLING_COMPONENT).unwrap()
+    }
+}
diff --git a/tests/all/traps.rs b/tests/all/traps.rs
index ea2d648541f0..9b3ae2764c11 100644
--- a/tests/all/traps.rs
+++ b/tests/all/traps.rs
@@ -558,7 +558,7 @@ fn call_signature_mismatch() -> Result<()> {
                 (func $bar (param i32))
                 (start $foo)
 
-                (table 1 anyfunc)
+                (table 1 funcref)
                 (elem (i32.const 0) 1)
             )
         "#,
diff --git a/tests/misc_testsuite/rs2wasm-add-func.wast b/tests/misc_testsuite/rs2wasm-add-func.wast
index 89af3ffc4dca..660cd87434dd 100644
--- a/tests/misc_testsuite/rs2wasm-add-func.wast
+++ b/tests/misc_testsuite/rs2wasm-add-func.wast
@@ -6,7 +6,7 @@
     local.get 0
     i32.add)
   (func $start (type 0))
-  (table (;0;) 1 1 anyfunc)
+  (table (;0;) 1 1 funcref)
   (memory (;0;) 17)
   (global (;0;) i32 (i32.const 1049114))
   (global (;1;) i32 (i32.const 1049114))