I've read this on a couple of forums:
"If your VQ is losing/burning oil, it is NOT because of the viscosity. The problem lies in the taper of the cylinder bore. All VQ engines have a tapered bore, and on some, it is excessive, to the point where the secondary rings and oil control rings are not making full contact with the cylinder walls. During heavy deceleration, or high rpm deceleration, the vacuum in the cylinder draws oil past these rings. In a situation where you are losing 1qt every 1000 miles, you can be sure to find secondary rings that show minimal signs of wear."
On our 120K ml QX4, no smoke at cold start, burns 1.5 qt of M1 0w40 over the 7K ml OCI, no oil burning smell like OP.
Specs on the taper:
http://www.alldatadiy.com/alldatadiy/DI ... /145860203