IQ is always an interesting topic. Ashkenazi Jews and Asians have the highest average IQs, and IQ testing correlates well with the SAT tests.
How genetic is it, and how moveable is it? Those are always studied and always in dispute. I always enjoy the company of people with higher IQs than mine, just as I enjoy playing tennis with more talented players.
How important is life "success" and life happiness to IQ? Not very much, I think, unless one aspires to being a Physics or Math genius. IQ is just one factor in a human personality but it is one, like height, which is readily apparent.
Via this post on IQ, Last Call at the Milk Bar, I was led to this good and detailed essay on IQ: Race, IQ, and Wealth - What the facts tell us about a taboo subject.
In the end, the facts do not tell us much.