That IMO is slightly low, but not unreasonable.
The highest projected increase in CO2 (which IMO is unlikely) yeilds another 1 degree C.
You think atmospheric CO2 will top off at 470 ppm? Why?
BTW, the temperature increase is not linear, but logarithmic: see http://motls.blogspot.com/2006/05/climate-sensitivity-and-editorial.html: You should realize that the carbon dioxide only absorbs the infrared radiation at certain frequencies, and it can only absorb the maximum of 100% of the radiation at these frequencies. By this comment, I want to point out that the "forcing" - the expected additive shift of the terrestrial equilibrium temperature - is not a linear function of the carbon dioxide concentration. Instead, the additional greenhouse effect becomes increasingly unimportant as the concentration increases: the expected temperature increase is something like
* 1.5 ( 1 - exp[-(concentration-280)/200 ppm] ) Celsius
By specifically leaving out this 'contextual info' that would prove them wrong, the 'Co2 is killing us' folks have really pulled a good one.