JMHO...but people focus too much on the instability of region 1.2. Making basin wide proclamations because its spiked in the last week to ten days. That is what that region does....its unstable. We see it every year.
It jumped to +.07....no big deal imo...its been ice cold all fall. It was 1.1C to begin October 2014. It was +.06C the week of Nov 11, 2009, +.05C Oct 20, 2004, +.09C Oct 16, 2002.
It may not end up an extreme modoki event, sure.....but even some very good modoki years saw warm spikes in region 1.2. It doesn't necessarily mean much.