If 16% is open water, then there is no sea-ice.
Mighty small difference there, so I hope no one was planning on the Arctic Ocean's ice to completely disappear.
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The thing is that sea ice has had a remarkable resurgence starting in Dec 2007. Now as daylight creeps northward we can start to see some good images of it. Compare this image of the Baffin Sea from Feb 10, 2007 With yesterday's Feb 9, 2008 image.
I'm sure you'll agree the difference is quite striking. I wouldn't go so far as to say this signals the end of global warming, but it ought to assuage fears of a run-away meltdown. We'll have to see what the summer brings.
I might add that the current summer season in the Antarctic is showing extensive sea ice, and even the reformation of the Larsen A ice shelf, as you can see in this image from Feb 2, 2008. Note the collapsed Larsen B embayment to the south of Larsen A is filled with sea ice. In recent years these have been open water at this season. I'm waiting for any press notice of this development. I suppose the new Larsen A may not last the summer, but it looks to me like it will make it, and I'm rooting for it.