So far 2010 is roughly the 2nd-hottest year on record, depending on which data set you choose. According to UAH satellites, it's the hottest. In fact the majority of days in 2010 have been record hot days according to UAH.
http://data.giss.nasa.gov/gistemp/tabledata/GLB.Ts+dSST.txt
http://discover.itsc.uah.edu/amsutemps/execute.csh?amsutemps
By the way, it's also true that it's been relatively cool across most of the USA and Europe so far this year, but quite hot almost everywhere else.
http://data.giss.nasa.gov/cgi-bin/gistemp/do_nmap.py?year_last=2010&month_last=2&sat=4&sst=1&type=anoms&mean_gen=1203&year1=2010&year2=2010&base1=1951&base2=1980&radius=1200&pol=reg
According to the scientists at NASA GISS, 2010 has a good chance to break the 2005 record.
"Given this lag and the fact that the Nino index has continued to rise in the 6 months since the date of the final 12-month running mean point in Figure 10, it is nearly certain that a new record 12-month global temperature will be set in 2010.
As for the calendar year, it is likely that the 2010 global surface temperature in the GISS analysis also will be a record for the period of instrumental data. However, record global temperature for the calendar year might not occur if El Nino conditions deteriorate rapidly by mid 2010 into La Nina conditions."
Page 15: http://data.giss.nasa.gov/gistemp/paper/gistemp2010_draft0319.pdf
And based on the UAH data so far, there's a good chance that 2010 will break their 1998 record as well. Especially since there's roughly a 6 month lag before changes in ENSO are reflected in the satellite temperatures. Thus their entire record for 2010 will reflect the El Nino conditions of mid-2009 to mid-2010.
As for when we would need to reconsider AGW, there's a good graph exemplifying this here:
http://tamino.files.wordpress.com/2008/01/bet3.jpg
"if temperature falls below the lower dashed blue line, we have evidence that the planet is actually cooling, and the not-warming side wins."
http://tamino.wordpress.com/2008/01/31/you-bet/
As for when we should expect to break a record,
"if we don’t break it by 2012 [in GISS], only THEN should we wonder why the record hasn’t been exceeded."
"only if the record lasts beyond 2012 [in HadCRU] do we have statistically significant evidence of any change in the global warming pattern."
http://tamino.wordpress.com/2009/06/26/breaking-records/
If we don't break the record this year, odds are extremely high it will be broken whenever the next El Nino event occurs. By then we should also have begun the next solar cycle, and the AGW signal will be that much stronger. As long as the El Nino event is moderately strong and reasonably long, given those other factors, a record should be broken.