Cheesy

Is there any etymological connection between the dairy product and the adjective cheesy, meaning inferior, cheap, or otherwise sub-par? This descriptive term for something lowbrow or poorly made at one point had positive connotations in the 1800s, when something great could be said to be cheesy as a rare Stilton. Over time, though, cheesy took on the connotation of something unappealing, an apparent reference to a low quality, stinky cheese. This is part of a complete episode.