(for the genuinely curious)
<http://www.realclimate.org/index.php/archives/2007/08/1934-and-all-that/>
[...]
The net effect of the change was to reduce mean US anomalies by about 0.15 ºC for the years 2000-2006. There were some very minor knock on effects in earlier years due to the GISTEMP adjustments for rural vs. urban trends. In the global or hemispheric mean, the differences were imperceptible (since the US is only a small fraction of the global area).
[...]
More importantly for climate purposes, the longer term US averages have not changed rank. 2002-2006 (at 0.66 ºC) is still warmer than 1930-1934 (0.63 ºC - the largest value in the early part of the century) (though both are below 1998-2002 at 0.79 ºC). (The previous version - up to 2005 - can be seen here).
In the global mean, 2005 remains the warmest (as in the NCDC analysis). CRU has 1998 as the warmest year but there are differences in methodology, particularly concerning the Arctic (extrapolated in GISTEMP, not included in CRU) which is a big part of recent global warmth. No recent IPCC statements or conclusions are affected in the slightest.
Sum total of this change? A couple of hundredths of degrees in the US rankings and no change in anything that could be considered climatically important (specifically long term trends).
However, there is clearly a latent and deeply felt wish in some sectors for the whole problem of global warming to be reduced to a statistical quirk or a mistake. This led to some truly death-defying leaping to conclusions when this issue hit the blogosphere. One of the worst examples (but there are others) was the 'Opinionator' at the New York Times (oh dear). He managed to confuse the global means with the continental US numbers, he made up a story about McIntyre having 'always puzzled about some gaps' (what?) , declared the the error had 'played havoc' with the numbers, and quoted another blogger saying that the 'astounding' numbers had been 'silently released'. None of these statements are true. Among other incorrect stories going around are that the mistake was due to a Y2K bug or that this had something to do with photographing weather stations. Again, simply false.
But hey, maybe the Arctic will get the memo.
-- Andy