I do believe in AGW in general, but I also think that the alarmists have exaggerated the effect.
By definition alarmists exaggerate. Do you have anything particular in mind that's been predicted by scientists but hasn't panned out in the predicted timescale?
The downside is that if the actual recorded temperatures fall completely outside the projected range, deniers will use that to raise doubt about any AGW.
If surface temperatures do indeed fall outside the projected range we will all have to reconsider. It's been like that for decades and I've never
found it necessary, but it could happen. Over that time I've seen predictions called alarmist which are now observable, not least in the Arctic Ocean.
When you think about it it isn't AGW that's a problem for societies, it's the effects it has. Predicted effects are an increase in extreme weather events (no sign that
that's not happening), more droughts and floods (panning out so far, but who knows, it may turn around in the next few years), stronger storms (again, no evidence against), disruption of glacier- and snowpack-fed hydrology (check), sea-level rise (check). No sign of alarmism in the science, naturally.
So we get onto the social impacts of these changes, which is outside science and hence more vulnerable to hysteria and hyperbolic thinking. This is the realm of the blog and economists and other such dubious characters, but there are some rational predictions from there. The price of food, for instance, depends on production and production suffers from uncertain weather and hydrology. Hence with increased uncertainty comes increased price volatility, on a rising trend. We've been seeing that. Unpicking the AGW effect from the oil-price effect is a playpen for dubious characters with an agenda, but it seems unlikely there's none.
Personally, I'll leave it a few more years before I judge who's been alarmist and who's been complacent. But right now I'll judge as insane Piers Morgan's announcement that the New Little Ice Age has begun.