Not there for me either – just my theme settings menu (LightOfPeace) below the main Settings.
I’m on WP 3.0.3, I’ve installed and activated Contact Form 7, and there is no ‘Contact’ under Settings on my dashboard (or anywhere else I can see).
See http://screencast.com/t/xE6Jaxgx. Is there something I need to do besides activate the plugin? Thx.