More on the latest Global... Cooling
From the News article linked:
"When you look at climate change you should not look at any particular year," he told the BBC. "You should look at trends over a pretty long period and the trend of temperature globally is still very much indicative of warming."
This is very true, and should be taken into account next time there's a hot summer or a weak winter, but the media doesn't really have that kind of restraint. Clearly something is up. As mentioned before there were some serious boundary condition and modeling mechanism errors in the current crop of climate simulations, which is why they're not predicting current behavior.
Now these models don't change what is happening right now, but they are showing their value as a predictor of future events as a bit... unreliable. Which is very bad if your aim is to plan for future changes and try to fix things.