The above is from FactCheck.org and you can read a thorough discussion of the matter right here.
Hacked e-mails show climate scientists in a bad light but don't change scientific consensus on global warming.
The messages, which span 13 years, show a few scientists in a bad light, being rude or dismissive. An investigation is underway, but there’s still plenty of evidence that the earth is getting warmer and that humans are largely responsible.
E-mails being cited as "smoking guns" have been misrepresented. For instance, one e-mail that refers to "hiding the decline" isn’t talking about a decline in actual temperatures as measured at weather stations. These have continued to rise, and 2009 may turn out to be the fifth warmest year ever recorded. The "decline" actually refers to a problem with recent data from tree rings.