James Hoffman
mentioned this in his blog not long ago.
From the discussion I took away that a very good shot espresso could be quite pleasant cold. If its mediocre its shortcomings will be more pronounced than when it was hot. This is also in line with what Jim Schulman mentions on the first page of this thread.
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"After a century of investigation, the role of temperature on taste perception is still unclear. The general view is that perception is optimal at normal mouth temperature. For example, cooling reduces the sweetness of sugars and the bitterness of alkaloids (Green and Frankman, 1987). However, the bitterness (and astringency) of tannins is well known to be more evident at cool temperatures. This apparent anomaly may relate to the different receptors involved in tannin and alkaloid bitterness.
Another important factor affecting taste perception is PH. It both directly influences the ionization of salts and acids, and indirectly affects the shape and biological activity of proteins. Structural modification of receptor proteins on gustatory neurons could significantly affect taste responsiveness."
Jackson, Ronald S. Wine Tasting: A Professional Handbook. San Diego, CA: Academic Press, 2009. 140-141. Print.