I think you may be on to something there.
We know that smell is the sense that is most closely associated with memory and emotion, so why not add it to our listening experience to add a little virtual reality.
The smell of gunpowder to go with "The 1812 Overture"?
Stale beer odour for "Closing Time" by Semisonic?
Grilled onions for "Cheeseburger in Paradise" by Jimmy Buffett?