Nuh-huh. Two points to consider:
1: That paper uses TAR models which are by now almost a decade out of date. Models have come a long way since then, in particular regarding hydrology and climate on regional scales.
2: GCMs are designed to simulate global processes, not get all the point measurements right, so trying to unpick it on that basis is pushing their capabilities beyond what they are designed to do.
In a more general sense, you're confusing the purposes and applications of climate models. You could have a model tuned perfectly to existing data that wouldn't be used for any forecasts, but would still be useful for studying the processes, sensitivities and apportionment of climate forcing factors. Models being run in forecast mode depend on a lot of things in the future that we just don't know, such as how much carbon dioxide will be emitted, whether there'll be any big volcanic eruptions and so on. It is for this reason that all the forecasts are done under a variety of different scenarios and the results vary wildly depending on which one is used. Show me a climate scientist who claims they can tell with absolute certainty what the exact temperature will be in 10 years time and I'll tell you that they're lying.
In forecast mode, climate models give broad-brush predictions. What the Scripps folks did was take the most optimistic of these predictions, so in all likelihood, the future is going to be less rosy than what they wrote.