Allright. That is close to a reference although it does not appear to be published work.
Here is the NPR story link:
http://www.npr.org/templates/story/story.php?storyId=88520025
And here is the conclusion of scientists involved in the study:
"Trenberth and Willis agree that a few mild years have no effect on the long-term trend of global warming. But they say there are still things to learn about how our planet copes with the heat."
There is something that is not understood about this one observation. Consider this quote:
"That becomes clear when you consider what's happening to global sea level. Sea level rises when the oceans get warm because warmer water expands. This accounts for about half of global sea level rise. So with the oceans not warming, you would expect to see less sea level rise. Instead, sea level has risen about half an inch in the past four years. That's a lot."
Hardly the death knell of climate change that mhaze and David Rodale purport.
Moreover, Willis, the main researcher behind the ARGO data has since retracted the cooling statements:
"Most of the rapid decrease in globally integrated 18 upper (0–750 m) ocean heat
content anomalies (OHCA) between 2003 and 2005 reported by Lyman et al. [2006]
appears to be an artifact resulting from the combination of two different instrument biases
recently discovered in the in situ profile data."
http://oceans.pmel.noaa.gov/Pdf/heat_2006.pdf
Note that the main purpose of the ARGO project is not to measure temperature but salinity.
So no. The oceans are not cooling.