Yes, there are several studies regarding pre-dive exercise, and the most recent ones find that at worst, pre-dive cardiovascular exercise has no effect on risk of DCS. At best, it might actually reduce risk of DCS. Note that as I have mentioned whenever this subject comes up, research is in its early stages, and there is much we do not know about the mechanism. The evidence is piling up, however, with yet another confirming study published in November. Here is a list of a few of the latest:
Hemodynamic changes induced by sub-maximal exercise prior to a dive and its consequences on bubble formation. Br J Sports Med. 2006 Nov 30; Blatteu J, et al.
"A single bout of strenuous exercise 2h before a dive significantly reduced the number of bubbles in the right heart of divers and could protect from decompression sickness."
http://www.ncbi.nlm.nih.gov/entrez/..._uids=17138641&query_hl=1&itool=pubmed_docsum
Aerobic exercise 2 hours before a dive to 30 msw decreases bubble formation after decompression. Aviat Space Environ Med. 2005 Jul;76(7):666-9; Blatteu J, et al.
"Like exercise 24 h ahead, 45 min of running 2 h before a dive decreases bubble formation after diving, suggesting a protective effect of aerobic exercise against DCS."
http://www.ncbi.nlm.nih.gov/entrez/...Retrieve&dopt=abstractplus&list_uids=16018350
Exercise ending 30 min pre-dive has no effect on bubble formation in the rat. Aviat Space Environ Med. 2005 Apr;76(4):326-8; Berge VJ, et al.
"The same type and intensity of exercise that reduces bubble formation when performed 20 h prior to a dive neither promotes nor reduces bubble formation if performed 30 min before a dive. The present data indicate that exercise completed 30 min before a dive does not increase the risk of developing decompression sickness in the rat."
http://www.ncbi.nlm.nih.gov/entrez/..._uids=15828630&query_hl=9&itool=pubmed_docsum
Exercise and nitric oxide prevent bubble formation: a novel approach to the prevention of decompression sickness? J Physiol. 2004 Mar 16;555(Pt 3):825-9. Epub 2004 Jan 14; Wisloff U, et al.
"Exercise 20 h before a dive suppressed bubble formation and prevented death, with no effect at any other time (48, 10, 5 and 0.5 h prior to the dive). Pre-dive activities have not been considered to influence the growth of bubbles and thus the risk of serious DCS."
http://www.ncbi.nlm.nih.gov/entrez/...Retrieve&dopt=abstractplus&list_uids=14724207
Aerobic exercise before diving reduces venous gas bubble formation in humans. J Physiol. 2004 Mar 16;555(Pt 3):637-42. Epub 2004 Jan 30; Dujic, et al.
"This is the first report to indicate that pre-dive exercise may form the basis for a new way of preventing serious decompression sickness."
http://www.ncbi.nlm.nih.gov/entrez/...uids=14755001&query_hl=10&itool=pubmed_docsum
One study recently published demonstrates how poorly understood this effect is:
Post-dive bubble formation in rats: effects of exercise 24 h ahead repeated 30 min before the dive. Aviat Space Environ Med. 2006 Sep;77(9):905-8; Loset A Jr, et al.
"This study demonstrated that acute exercise prior to a dive eliminated the protection against bubble formation found 24 h after high-intensity exercise in rats."
I would have liked to see a 3rd group of rats who performed no exercise to see what their bubble grades were on this protocol.
When looking at real world accident data, you will be hard pressed to find an incident of DCS attributed directly to pre-dive exercise. Though exertion at depth and after surfacing are known benders, there are no convincing cases of DCS caused by pre-dive exercise to my knowledge.
As an aside, lactic acid is unlikely to have any impact on risk of DCS, assuming any reasonable time separating exercise and immersion. It is rapidly metabolized, and blood levels in a healthy individual would likely return to baseline well before the boat pulled up to the dive site. I am unaware of any studies linking blood pH to risk of DCS, anyway, so I doubt it would be an issue.
Cameron