The real thing to be looking at is that if we continue to cool, or even stay steady for a couple of years, we fall off the 95% confidence intervals for the global warming predictions made a few years ago, which all uniformly took the form of lines going straight up (pretty much). That will mean that the models are wrong, and if the models are wrong, the model makers are not entitled to claim that despite the fact they couldn't predict anything, they can still use the broken models to make claims about mankinds contribution to the climate.
I can't emphasize the importance of the word "wrong" enough. A wrong model is not sort of correct, it is wrong, and should not be used to determine the fate of trillions of dollars of capital.
Further, if climate change can't be demonstrated to be the critical pressing crisis the alarmists claim, then there are other way more important problems facing the environment that need to be addressed, such as the Pacific dead zone and horrible overfishing. If AGW advocates are wrong about the scope of the problem, diverting funds into it anyhow is not a good idea; it is (and I mean this literally) one of the worst ideas ever put forth by mankind. If AGW advocates are wrong, they are not holy, they are the most dangerous threats to the environment in the world today.
Trillions of dollars of capital are very important, and if there is any reason to believe the science isn't "settled", it behooves us all to look at the problem with an open mind, not to insist that even though AGW predictions clearly said that the 95% confidence interval doesn't actually encompass what is happening in reality we should still just believe them, despite the scientific evidence that they are (and again I can't emphasize the importance of this word enough) wrong.
Making wrong predictions is a big deal in science; only a political mindset can wave that fact away like it's not really a problem.