I have two additional comments, the first one is more a comment then anything else but that it takes 1600 years for the current to go from one point in the cycle to the same point (It is more complex then one cycle, but for purposes of demonstration I am making that assumption). 1600 years ago was 400 AD, some people believe the start of the Dark Age Cool period that lasted till about 800 AD. Could we just be seeing the echo of a previous cold period? i.e. 1600 years ago the world was getting colder, thus the water was colder, and now that colder air is coming to the surface. This is probably nonsense but it is something to think about (for example the baby-boom went from 1947-1964, the average age of birth parents tend to be about 25 years so an "Echo Boom" occurred from 1973-1989, this Echo was NOT has deep as the original baby boom but was significant to be talked about in the 1980s and the early 1990s as these echo boomer's hit the schools, Please note marketeers tend to try to break up these groups into even smaller groups, trying to make the Baby Boomer's to be only those born around the peak year for the baby boom which was 1957, thus lets be careful when using these terms for marketeers want to make each new 4-5 year groups a new marketing group, whether that is really the case or not).
My Second Comment is much more germane, for it has to do with the actual Thermohaline. The present theory in regards to Thermohaline circulation is that the Gulf Stream flows north to the Arctic ("pushed" by the sun heating the waters of the Caribbean), where those waters are blocked by the Ice of the Arctic AND the shadow waters of the Bering Straits (The water flowing into the Arctic via the Gulf Stream, can NOT push any water out of the Arctic for the only way sufficient water can exit is the Atlantic which is how the Gulf Stream waters arrived into the Arctic in the first place). Given that even more warm water is coming into the Arctic via the Gulf Stream and the Bering Straits are to shadow for the water needed to be moved out of the Arctic to make room for the new water arriving from the Gulf Stream, the only way for the water to exit the Arctic is to go DOWN below the warm waters of the Gulf Stream. The problem is for the waters to do this the waters MUST lose heat. As the heat escapes, the water drops (And the wind takes the heat to Europe, this "lost" heat is what makes Europe warmer then any other place on its latitude in the world.). The resulting water is very cold and salty (The heat takes water with it, but the water in the air no longer has the salt mixed in with it thus the now cold water is also extra Salty). The cold salty water flows south, under the Gulf Stream, down the Atlantic, for the Atlantic is the only deep water next to the Arctic.
The Cold Salty water flows south and is joined by cold Salty water flowing from the Mediterranean sea. This water is very similar to the Gulf Stream, the Mediterranean sea loses water in the two large sections of the Mediterranean and then the then salty and Cold water flows out at the bottom of the Mediterranean Sea. This water leaves the Mediterranean sea almost like a waterfall as it flows over and down the escarpment between Gibraltar and Morocco (This escarpment is the remains of an old barrier connecting Spain with Morocco, it broke about 3.5 million years ago flooding the Mediterranean sea and creating the water flows in and out of the Mediterranean
More on the Mediterranean Sea:
http://en.wikipedia.org/wiki/Mediterranean_SeaThe flooding of the Mediterranean Sea 3.5 million years ago:
http://en.wikipedia.org/wiki/Messinian_Salinity_CrisisAs the cold and salt water flows south in the Atlantic, it is blocked from going west by the Shadowiness of Drakes Passage (The bottom of Drake Passage is ABOVE where the cold and salty water is floating). Here the water are undermined by an even colder/denser water from the Wendall Sea of Antarctica. These two sets of Cold Water flows eastward around Antarctica and the Southern Indian Ocean till both sets of water flows into the Pacific and finally forced up to absorb heat in the Northern Pacific south of the Bering Straits..
This raise in the height the water is flowing and its absorption of heat do to the raise in height is one of the reason that when Ice Ages start they tend to be stronger in North American then Siberia. The North Pacific needs heat as those cold and salty water raise to the surface and thus pulls heat from the air, making Canada much colder then Siberia for air flows West to East. Any hot air from Siberia, China and the rest of Eastern Asia is quickly absorbed by the North Pacific before it gets to Canada. Yes Siberia is COLD, often Colder then Canada but during Ice Ages, Alaska and Siberia do NOT have the Glaciers North America (East of Alaska) gets. Ice ages tend to start in Greenland, spread to Labrador and then the rest of Central and Eastern Canada before heading south to what is now the USA.
Remember the flow is as long as 1600 years so that an ice age can see two things, first the Gulf Stream flows further south then it does now, making Europe colder (and parts of Eastern US Colder), while at the same time water is still raising in the North Pacific absorbing heat that does NOT get to Central and Eastern Canada. It may take the whole 1600 years for the system to break down, through probably once it stops in any one area it stops completely (i.e. within months not 1600 years).
Once you understand the system, how could it make Eastern North America and Western Europe Colder? Could the Gulf Stream being going to far into the Arctic so that the heat that is being lost as the Gulf Stream water sinks is heating the ice (melting the ice) instead of going directly from liquid to Air? i.e. going from SOLID to LIQUID then to AIR (At each step needing more and more heat to make the change). Each step would require more and more heat leaving less heat to warm Europe? This would end once the Arctic is ice free (but then it might not, for the Arctic may turn to Ice in Winter and thus that Winter ice would absorb most of the Warm water of the Gulf Stream, leaving Europe Cold? Just thoughts, but would explain why Europe and Eastern North America is colder this year then in previous years (And yes, Last year was also a cold winter but may be a Trend as to Winter).
Remember water will always find its own level, i.e. the Surface of the Oceans will ALWAYS be the same height world wide. A current (any current) must push other water in front of it. Thus any current is not only a driving force in the ocean, it is also the result of other currents. The real issue is now far north is the Gulf Stream waters going and what is happening to the heat that water absorbed when it was baked by the heat in the Caribbean sea? Is the lack of Hurricanes over the last two summers leading to a greater amount of heat in those waters and thus pushing to far into the Arctic to heat Europe? I.e. the water is not sinking off Norway but in the heat of the Arctic itself? That would explain the last two winters, both had been cold compared to previous winters (And would be consistent with Global Warming theory, Hurricanes are a product of the Sun heating the waters of the Caribbean sea. La Nino has caused excessive high winds over the Caribbean and mid Atlantic so few hurricanes have been formed the last few years.
Water Circulation:
http://www.uwsp.edu/geo/faculty/ritter/geog101/textbook/circulation/ocean_circulation.htmlLa Nino/ Southern Southern Oscillation:
http://en.wikipedia.org/wiki/El_Ni%C3%B1o-Southern_OscillationIn La Nina years, things look "Normal" for Europe and Eastern North America (it is believed we are still in a La Nina situation for the last two years, thus the lack of hurricanes:

La Ninos and La Ninas do NOT seem to have any affect on Areas North of the American South (Through Ohio-Indiana area gets increased rainfall during the winter months during La Nina events, no one know why) and no affect on Europe or Siberia. We may be facing a new situation, a La Nina with a much weaker ability of the Arctic to cancel the affect of La Nina on Europe's and Eastern North America winters. Just food for thought.