symptoms -- mushy, smelly, pulls out easily from stem and completely -- not partial tear along stem etc... you'll know from that immediately.. also if it expands...
you can try to cut off infected area... but it likely has already spread. it's really not worth it to smoke such things. but, you can try and if it doesn't become apparent elsewhere, it doesn't mean it is clean.. that's the problem. you won't know unless you take it under a scope and look for growth.
heh, the leaf? looks a little shriveled. light too close? either way, if the material around it is firm, smells fine and feels normal otherwise, it's not rot. unfortunately the best way to know is to touch it.