I think the problem many of us are having with this 'forest air' theory is that we understand that gasses diffuse very very quickly. And so even if there is marginally higher O2 concentrations at the surface of the leaves in the forest (where the respiration is taking place) that O2 would very quickly equilibrate with the O2 all around and not result in extra O2 rich air 'hanging around'.
Now there is all sorts of stuff floating in the air (aerosols) which aren't gases and which aren't going to diffuse and equilibrate nearly as quickly. So the air may smell 'foresty' (because of lovely piney particles in the air) but that doesn't mean the extra O2 is hanging around.
If you look at places where folks are measuring actual changes in O2 concentration in the atmosphere (e.g. to measure the daily cycle of respiration over the ocean from the plankton et al) they talk about changes on the order of parts per million. That would seem to imply that localized O2 variation due to local photosynthetic respiration is a very very small effect compared to say the variation due to altitude.
Now I could be wrong here. There could be some phenomena I'm unaware of that's somehow trapping the extra O2 near the forest. And it could be enough O2 to make a performance difference. But until some concrete evidence is presented I find the theory implausible.
The 'forest air' theory would seem to fall into the same box as the "Bekele is faster than Solinsky because he is shorter and therefore breathes air from a lower altitude" theory. There is some plausible sounding science (altitude does effect O2 which effects performance and there's no doubt Bekele is shorter than Solinsky) but the effects are many order of magnitude away from being relevant.
My theory is that people run fast at Rieti because people expect to run fast at Rieti. There's plenty of evidence that when people believe fast performances are possible/will happen they tend to be run fast (see e.g. the breaking of the 4 minute mile). People believe Rieiti will be fast and it becomes a self-fulfilling prophecy (reinforcing itself year after year).
And I think that theory does a much better job explaining why the 100m guys were fast today. I'm thinking that extra O2 from trees isn't making a different in that sort of race, even if it were real.