The original 1st edition summary contained the comment that «models do not generally reproduce the observed reduction in surface warming trend over the last 10 to 15 years». (realclimate.org)
Their key finding - the contribution of each effect to the observed global surface warming trends over the four periods in question - is shown in Figure 1. (skepticalscience.com)
Yes, the oceans are warming but these trends are 10 % to 20 % of the predicted surface warming trend of about 0.2 C per decade. (realclimate.org)