It is established that the only states in the Hilbert space of a gauge invariant theory are states which are gauge invariant. This seems like a redundant sentence, but it has nontrivial consequences for the spectrum of the theory.
Trying to use this as an analogy for a would-be quantum gravity theory, I would then replace "gauge invariant" with "diffeomorphism invariant".
I am aware of the fact that there is no diffeomorphism invariant way to define a particle state (that of definite momentum and spin). Think of the Unruh effect and related concepts.
Does this mean that a truly quantum theory of gravity would not have any particle states?