From the BoM website:

Summary: Mixed El Niño indicators as development slows

The El Niño pattern across the Pacific has not intensified during the past fortnight. Furthermore, the coupling between the ocean and atmosphere which amplifies and maintains El Niño events has so far failed to eventuate. The neutral SOI and sub-surface cooling are evidence of this.

However, the Trade Winds are weakening over a broad area and this may promote renewed warming. In addition, leading climate models continue to predict further development of the El Niño, although not as emphatically as a month or two back. Therefore, the odds remain strongly in favour of 2009 being recognised as an El Niño year.

Elsewhere, “Opps. I lied.