There is no positive crankcase ventilation on the deisel, so any piston blow-by has to come out somewhere, I don't know if that is a symptom of anythng other than wear but I'm sure someone will be along soon.
More interesting is that the engine will cool so quickly, sounds like the rad is doing it's job. Have you checked for collapsed hoses? sometimes they deliaminate and block themselves (though usually they leak first) and have you checked the water pump is doing it's stuff?