In the July 12, 2010 issue of the New York Times, there's an interesting article by Carl Zimmer titled "How Microbes Defend and Define Us." I haven't logged enough posting cred to include a link to it, but it's easy to locate.
The article includes discussion about the role of the microbiome in the balance of the immune system and in the reduction of inflammation... and the following tantalizing words:
"In addition to helping us digest, the microbiome helps us in many other ways. The microbes in our nose, for example, make antibiotics that can kill the dangerous pathogens we sniff."
Enjoy!