Hi soxfan82,
Welcome to the Mattress Forum! … and congratulations on your new mattress 
As you probably know I think you made a great quality/value choice.
It would be normal with any material that it would feel warmer from your body heat under where you are sleeping than it would in areas that you haven’t slept on. This is different however from temperature regulation which is more about whether you are sleeping in a temperature range that is comfortable for you.
The pincores in latex don’t go through the entire molded core. A latex mold has pincores in both the top and bottom of the mold that don’t meet in the middle so unless a layer is slit from a section of the original 6" molded core that only includes the top or bottom pincores the holes will only go part way through the latex and this is normal. The depth of the holes will also depend on where the layer is cut from the original core. You can see some videos of how different types of molded latex is made in post #3 here. You can also see some pictures here of Latex cores which show the top and bottom pincores. The breathability of latex comes from the open cell structure of the latex and not from the pincores themselves.
Wool is among the best temperature regulating materials because of its breathability and its ability to hold up to 30% of its weight in moisture inside the fiber itself without feeling wet so it can maintain a drier microclimate but I would also keep in mind that it regulates temperature in both directions (it’s used in the desert and also in cold climates because of this) so while it may not feel “cool” … it generally doesn’t feel “hot” either. It also helps to regulate moisture (which can trap heat) and will reduce the perception of temperature that comes from higher humidity levels as well (similar to how temperatures feel cooler on less humid days than they do on more humid days).
While it would be unusual for most people to have temperature regulation issues sleeping on wool … there are also other variables that are involved with sleeping temperature as well (particularly the type of mattress protector, the sheets and bedding, and your bedclothes) which can also play a significant role in sleeping temperature … particularly for those that are closer to the “oven” end of the oven to iceberg range. There is more about the many variables that can affect sleeping temperature in post #2 here that can help you track down the possible reasons for any temperature regulation issues that you may be having.
This is a “normal” smell for Talalay latex and while some people are more sensitive to smells than others and some batches of latex have a stronger smell than others … it will dissipate to levels that most people won’t notice over the course of the first few days or weeks (see post #2 here). There are also some suggestions in post #3 here that may help to reduce the smell a little more quickly.
Phoenix