I just read a stimulating article in _Public Library of Science Biology_ that challenges the received wisdom regarding humans' supposedly poor ability to smell:
It cites empirical evidence that we're a lot better at it than we think. I does note that we have less of what might be considered first-line olfactory resources than some other mammals, but it gives some interesting reasons why human brain structures and cognitive abilities might compensate. It's a good read, even aside from its obvious interest to people who care a lot about certain aromas and tastes.
/Lew