Having worked a bit on a hobby STM in C++ (spun out of a DB startup) I would have to agree. Fully transparent STM that depends on a "sufficiently smart compiler" for an imperative language with unrestricted side effects is hopeless. But I do think that a much humbler version of STM is feasible for C++ or Rust, requiring much more explicit cooperation from the programmer. I haven't worked on this for 3 years but hope to revisit it someday.