The fastest Cray in 1990 could do (I think) 60 GFlops when loaded with 32 processors, which is roughly the sustained GFlops as a high end i7.
So clearly it is not a case of "just need a faster supercomputer and we will have an accurate prediction".
Reality is, from what I can tell, is that we don't have an accurate mathematical model of all the pieces that go into global climate to run on a supercomputer, no matter how powerful. ===
No one challenged me and I got several upvotes and follow-on posts in agreement. link: http://news.ycombinator.com/item?id=4761364
Did something change in the meantime?