Ice extent usually reaches its annual maximum sometime in late February or March, but the exact date varies widely from year to year.

The National Snow and Ice Data Center (NSIDC) reports that sea ice extent in February (as in January) was low on the Atlantic side of the Arctic, but unusually high on the Pacific side of the Arctic, remaining lower than average overall. At the end of the month, ice extent rose sharply, as winds changed and started spreading out the ice cover.

The University of Washington’s Polar Science Center latest updated graph shows ice volume is now slightly lower than last year.

Neven at Arctic Sea Ice Blog reports that this year’s multi-year ice cover as of January 1 was just a bit higher than that of 2008, which was extremely low due to the preceding record melting season of 2007.

It’s unusually “not cold” in much of the Arctic . . .

. . . with the notable exception of the Beaufort, Chukchi, and Bering Seas – which is consistent with the expanded ice extent on the Pacific side of the Arctic.

We will soon begin to see the 2012 melting season unfold, as it is about to start (if it hasn’t already). [Update 3/14: Neven at Arctic Sea Ice Blog has called the maximum as of March 6, 2012. The 2012 Arctic sea ice melt season is officially underway.]
One more thought: notice the anomalously warm temperatures around Greenland, especially on the eastern side. A new study by scientists from the Potsdam Institute for Climate Impact Research (PIK) and the Universidad Complutense de Madrid concludes the Greenland ice sheet is more vulnerable to global warming than previously thought. The best estimate of the temperature threshold for melting the ice sheet completely is 1.6 degrees above pre-industrial levels, with a range of 0.8 to 3.2 degrees Celsius. And 0.8 degrees global warming has already been observed.
Previous research estimated the threshold in global temperature increase for melting the Greenland ice sheet was 3.1 degrees, with a range of 1.9 to 5.1 degrees. The new study’s best estimate is about half that.
Team-leader Andrey Ganopolski of PIK explains that the Greenland ice sheet could hit a “tipping point” beyond which recovery would become impossible:
Our study shows that under certain conditions the melting of the Greenland ice sheet becomes irreversible. This supports the notion that the ice sheet is a tipping element in the Earth system. If the global temperature significantly overshoots the threshold for a long time, the ice will continue melting and not regrow – even if the climate would, after many thousand years, return to its preindustrial state.
The vulnerability of the Greenland ice sheet arises because of feedbacks between the climate and the ice sheet. The ice sheet is over 3000 meters thick and thus elevated into cooler altitudes. When it melts its surface comes down to lower altitudes with higher temperatures, which accelerates the melting. Also, the ice reflects a large part of solar radiation back into space. When the area covered by ice decreases, more radiation is absorbed and this adds to regional warming.
A business-as-usual scenario of greenhouse-gas emissions could lead to 8 degrees Celsius of global warming. This would result in one fifth of the ice sheet melting within 500 years and a complete loss in 2000 years. Alexander Robinson, lead-author of the study, notes:
[C]ompared to what has happened in our planet’s history, it is fast. And we might already be approaching the critical threshold.
Melting of the current Greenland ice sheet would result in a sea-level rise of about 6.5 meters.