If I tried it I would probably brine in over night, then wrap it after it got a decent color to it. I also like the idea about the bacon, EVERYTHING'S better in bacon!!!!!
I was always told you shouldn't eat wild rabbit until after a couple hard freezes as the livers have a parasite. Don't know for positive if it's true or not.
Ed
Just stuff the rabbit into a huge fatty for smoking. Done and done! Cut end off the fatty and you have the rabbit coming out of the rabbit hole for dinner.
Someone do this. I think it would be fine. They are lean, but so is pork loin, chicken breast, turkey, etc. A brine would probably help keep some moisture in. I am literally living in bunny country... they are taunting me.
Here is a rabbit cook I did last fall, but be forewarned mine was not the back yard variety, but was raised for meat. Smoked for a bit, cloaked in bacon, then braised with veggies under foil.