Hey James,
Congratulations on the baby!
I don't have an answer but as a new father myself I have been wondering the same thing. I have been around plenty of babies in the past and not noticed anything remarkable about their smell - apart from the obvious diaper smell!
We have also only washed our son in water without any soap products. We have also just used an unscented aqueous cream - so his smell is completely natural. Some of it is due to his diet - he reminds me a bit of rice pudding, but I do find his smell very attractive. It would not surprise me to find that there is something there to aid bonding. Let's see if anyone else has an answer!