Also, Mexico City's thin air: http://www.chiefscientist.gov.au/2011/05/running-on-thin-air... Bob Beamon set his insane long jump record there as well.
Edit: But looking at the all-time list [1], Jim Hines' run is still pretty impressive, surrounded by times run some ~50 years later.
[1] http://www.alltime-athletics.com/m_100ok.htm