Real Climate has a long and convincing defense of the IPCC:

[T]he IPCC assessment reports reflect the state of scientific knowledge very well. There have been a few isolated errors, and these have been acknowledged and corrected. What is seriously amiss is something else: the public perception of the IPCC, and of climate science in general, has been massively distorted by the recent media storm. All of these various “gates” – Climategate, Amazongate, Seagate, Africagate, etc., do not represent scandals of the IPCC or of climate science.

Rather, they are the embarrassing battle-cries of a media scandal, in which a few journalists have misled the public with grossly overblown or entirely fabricated pseudogates, and many others have naively and willingly followed along without seeing through the scam. It is not up to us as climate scientists to clear up this mess – it is up to the media world itself to put this right again, e.g. by publishing proper analysis pieces like the one of Tim Holmes and by issuing formal corrections of their mistaken reporting. We will follow with great interest whether the media world has the professional and moral integrity to correct its own errors.