I noticed that the screws on some of my older Mag7 pumps rusted when I took them out of service but I haven't noticed any rust on the larger, newer
Mag pumps that I have been using. I have taken some powerheads out of service, both Maxijet and Penguin, that have had rusted impellers. One of the impellers was rusted so bad that it broke in to pieces when I pulled it out to clean it.
From what I have found, most metals will break down and rust sooner or later. I have used stainless steel parts but they all seem to rust after a period of time. I haven't noticed an adverse impact of the rust in my tank but that is not to say that it is not doing something bad.