According of Institute for Biodiversity Science and Sustainability the current status of Pacific rainbow smelt - "Valid as Osmerus dentex".
http://researcharchive.calacademy.org/research/ichthyology/catalog/fishcatget.asp?spid=10344
But Russian genetics consider it as a valid subspecies (Osmerus mordax dentex).
DOI: 10.1134/S1022795411080102
DOI: 10.1007/s13258-013-0099-z
What do you think about its status?