The 1988 Hansen "model" and the 1990 IPCC report are not the same thing. These are two different and relatively specific items. I do not think it is semantics to point out that no "projection" exists in the 1990 IPCC report.
I also think you may be confusing Scenario B with Scenario C. Scenario C is the one that had a rapid reduction in all greenhouse gasses including CO2. This is why it falls and levels off around 2010.
Scenario B was pretty close on the overall increases in greenhouse gasses (through 2010), but is off on CH4 and one other (I think it is a chloronated hydrocarbon - freon?). The Hansen "model" has the concentrations of these two gasses as higher than they actually were in 2010. This is all detailed in my link to the Skeptical Science site in the advanced explanation. It shows the actual numbers for the gas concentrations and heat retention capacity of each one and the overall number. You are right that Scenario B in the future will be off because the actual gas levels are still increasing (it just happens to be pretty close to the real numbers in 2010).
Hansen's climate "model" is pretty good considering the time it was developed and the uncertainty on climate sensitivity. Where Hansen is primarily off is in his use of 4.2 degrees Celsius for climate sensitivity to the doubling of CO2. If you adjust for the actual concentrations of greenhouse gasses and substitute 3.4 for 4.2 in his climate "model", it tracks the .2 degree C rise per decade over the last 20 years. I think this is pretty impressive given that his "model" is seriously unsophisticated compared to the newer ones.
The claim by mop that the models or projections from 1990 are not being met is just plain false. First, there really is no model or projection in the 1990 IPCC. This was the very first report and it was done when much of the science was still being investigated. The only "projections" were three different estimates for the temperature equilibrium from the doubling of CO2 (this is called climate sensitivity). These estimates were 4.5, 2.5, and 1.5 degrees Celsius. This means the temperature gain the earth will reach from increasing its heat retention by increasing the gasses that retain heat.
The only 1990 projection was actually created by Pielke. He made numerous errors in creating it which I have listed in at least a couple of posts on this thread and there are some more errors described in this link:
The Link
It is beyond the scope of this thread, but the scientific consensus (and there has been a ton of research into this) is that the number will be 3 degrees Celsius. Even though there was no "model" in the 1990 IPCC report, Hansen's 1988 "model" shows a climate sensitivity of 3.4 degrees C which is pretty much right smack in the middle of the 1990 IPCC report so to claim that temperatures are falling below the 1990 IPCC models or projections is just false.
As for the sea level remark, the 1990 IPCC was actually low on the rate and amount of sea level rise. I don't pay much attention to sea level (given where I live, this is not a concern), but I do not believe it is decreasing. There was a recent article on Real Climate about it, but I only scanned it. Here is a link:
The Link