There is one major problem with this entire debate:
Intelligence is not quantifiable.
The other problem is that most of you are rather uninformed on the subject.
Since marine mammalogy is something of a passion for me, let me nitpick a little.
Support for the fact that dolphins are sentient (i.e. self-aware):
1) They have a spoken language.
This is something that is still under intensive research, but the work of some scientists (namely Alexandra Morton in British Columbia with wild orcas) after recording the calls of wild orcas for 25 years has recorded a complexity of grammar, tone, and syntax comparable with human language. (I am taking the liberty of using the Delphinidae species I know the most about, Orcinus orca.) Also, after recording and analyzing the calls of captive orcas (Orky and Corky in MarineLand in San Diego during the 1980's), she found vast differences between the complexity of their "grammar" versus the "grammar" of the wild orca pods they probably came from, based on data about the time and location of their capture off the Canadian coast.
2) They understand & utilize the concept of names.
This was shown conclusively in a study done by John C. Lilly in 1965 (Yes, he was a druggie and threw his academic career down the toilet in the end, but some of his early work with captive dolphins is definitely worth a read.) Basically, he took a young woman named Margaret Howe and had her live on a raised platform in a tank she shared with a bottle-nosed dolphin named Peter. After several weeks in the tank, Peter learned to approximate a nasal version of Margaret's name. There've also been studies done where dolphins are shown responding to specific sequences of "name" whistles. It's fairly certain dolphins understand the concept of a name.
3) They have differing dialects.
Acoustics studies among wild orca pods show that pods from different areas and lifestyles (transient vs. resident) have drastically differently sounding calls. The best explanation for this is that orcas, like humans seperated by distance and circumstance, develop their own languages over time.
So, why won't dolphins ever speak English? One problem is that they don't have vocal chords. They make sounds by passing air through five air sacs in their throats. Another thing I have to ask is, why does the fact of dolphins being intelligent automatically mean that they would want to communicate with humans? I'm not sure that they would, to be honest. There's plenty of friendly dolphins, sure, but mostly dolphins are interested in eating fish and having sex with other dolphins. If you compare the ratio of wild dolphins that actively swim up to a beach to swim with people and the number of wild dolphins that just go about their daily business eating fish and having sex, you'll see the majority is definitely with the latter. Dolphins are aquatic creatures whose worlds are primarily painted out for them by sound, while we are terrestial creatures who live in a world of sight. Of course our motivations are going to be different.
Just my two cents. Or maybe fifty, considering the length of the post.
And one last thing. Has anyone brought up the idea that scientists might feel a tad threatened and lost a little objectivity when threatened by the possiblity of a creature whose intelligence rivals their own?