A modder already has smites working per 5e.
On a hit that isnt a crit (with spell slots available) you get a temporary icon to use to smite.
On a hit that is a crit (with spell slots available) you get a temporary icon to use to crit smite.
So i'll be curious to see how larian implements it.
Also the homebrew magic items for pally will be interesting.. maybe temp hp to allies within 10 feet after a smite, and better heavy armor.