Drawing on my organic chemistry class, phenols are a form of alcohol, and volitile, which means they evaporate easily. The tree holds on to them, a board looses some, and shavings lose them the most quickly, because they have the most surface area. I would imagine fresh pine shavings would be dramatically more full of them than older drier shavings...That's why you have to replace cedar sachets in the closet every so often. So if you were concerned, but had few alternatives, you could take the shavings out of the bag, fluff them up and leave them in an open container in a shed or garage, for instance, and minimize the risk a bit.
I also think many of the HR people bed the cages in the shavings, so the rabbit never touches wire. I think our more limited use and outdoor/draftier shed-type set-ups may not be as big of a problem, and that may be why our mileage has varied...and stuffing a nestbox with them is different than cage bedding that is peed on repeatedly by an adult rabbit. 2 week old babies don't pee much, and they are out of the box fairly quickly...
All I am getting at, is that different applications have different effects. I have used nail polish remover for instance, and I don't feel the need to put on gloves and a gas mask to do it, but I sure wouldn't want to bathe in the stuff, or live over an open vat of it!