Very interesting discussion everyone, and a few points worth discussing. I hope you do not mind if I throw in some input.
I think there is some confusion with number usage here. The first being the numbers the IPCC use which are a radiative forcing, and the second being the amount of radiation intercepted by the Earth or the downward infrared flux. The 150 W/m^2 is the contribution of the greenhouse effect, a number that would be zero in the absence of greenhouse gases, which from εσT^4 corresponds to a global temperature of 255 K (the actual temperature is around 288 K due to the greenhouse effect). The *net* downward solar irradiance at the top-of-atmosphere (TOA)(where forcing is defined) is ~240 W/m^2 taking geometry and and taking albedo into account).
The "extra" 2 W/m^2 from the sun is NOT a radiative forcing, it is simply ΔTSI. If you want to make this a radiative forcing you need to multiply by 0.69 to factor in albedo, then divide by 4 to compensate for the cross-sectional area of the Earth.
The next step is to realize that the 1.6 W/m^2 radiative forcing from CO2 (not ALL greenhouse gases, they add up to more, but you have aerosols with a negative radiative forcing which essentially cancels out the other stuff so the net forcing and CO2 forcing are about the same) is a "change" from the pre-industrial to industrial conditions. The forcings are a measure of the imbalance at the TOA that would occur if the atmosphere was changed instantaneously. Comparing this to "150" and saying "the effect is negligible" is not right: you need to look at the imbalance's effect on global T as a new equilibrium is reached over a time lag. As an analogy, suppose we have a bathtub with 100x units of water, and we are adding x units of water, while x units are being drained. The water level will remain roughly constant, because the same is going in as going out. Now suppose we "force" another x units of water in so that 2x is going in, and x is going out. You can't simply say that "x" compared to "100x" is negligible, but rather you will observe a steady rise in water level because more is going in than going out (it is out of equilibrium). If the water rises a few feet, and then you return the "in and out" to equilibrium, then you have your "radiative" forcing which is defined as the final conditions relative to initial conditions. Absolute values are not relevant, global warming is only concerned with the changes in the numbers. If the current literature is correct, then obviously CO2 makes up a relatively small amount of the actual observed temperature, but is nearly completely responsible for the *change in* temperature from pre-industrial to present conditions. Of course time-frames matter, since solar and anthropogenic and lack of volcanoes and internal variability played a large role from 1900-1950, but anthropogenic dominates from 1950-present (See ex. Meehl et al 2004; Ammann et al 2007). Since 1950 there is no trend in solar (maybe even negative)(Max Plank Institute 2004; Benestad 2005; Foukal et al 2006; Ammann et al 2007; Lockwood and Frohlich 2007) iceaura is also right in that if solar changes were the dominant factor, we'd expect stratospheric warming as well as tropospheric warming, when we are actually getting tropospheric warming and surface warming, with stratospheric cooling (U.S. Climate change Science Program 2006; Lastovicka et al 2006). Explanatory and predictive power is a big part of the scientific method, and this is just one example of where solar explanation fail- changes in night time vs. day time temperatures are another.
Regarding water vapor, iceaura is right again. Water Vapor is a feedback to initial climate change, it does not initiate climate change (i.e. it is not a forcing), although once a climate change has been initiated it can further amplify or dampen the initial forcing. Since a warmer atmosphere can hold more water vapor and a cooler climate can hold less, if conditions are pushed by some climate forcing (ex. solar increase, a change in CO2, increase in anthropogenic aerosol concentration, volcanic eruption), the water vapor concentration will adjust accordingly to the climate adjustment a make it either warmer or colder (in the first two examples with all other things equal the effect is warmer temperatures, so a positive feedback from water vapor making it still further warmer; in the latter two examples with all other things equal the net effect is cooling, and so a positive feedback from water vapor gives still further cooling).
Vapor pressure in equilibrium with a water surface increases exponentially with temperature at a rate in accord with Clausius-Clapeyron. If the relative humidity remains about constant as temperature and specific humidity increase, then water vapor greenhouse feedback roughly doubles the sensitivity of climate. The changes in specific humidity, with little change in relative humidity, have been documented recently and in accordance with our understanding of modern global climate change (Santer et al 2007; Willett et al 2007).
All gases are condensible at low enough temperatures and/or high enough pressures. CO2, for example, is condensible on Mars though not in present-day Earth climate. This happens when the partial pressure of a gas is equal to the saturation vapor pressure (Psat). Psat increases with temperature, since molecules move faster and it becomes more difficult for condensation. This temperature dependence of Psat comes from the Clausius-Clapeyron relationship (you guys can look this up). For ground temperatures below 240K there is so little water vapor in the air that the exact amount of water vapor has little effect on the Outgoing Longwave Radiation (Pierrehumbert, climate book). In essence, increase of water vapor with temperature reduces the slope of the Outgoing Longwave Radiation vs. temperature curve (in a dry atmosphere, the OLR is just σT^4) and so the climate is more sensitive to radiative forcing, whatever the forcing is (solar, GHG, albedo, etc).
The point to take is that water vapor, despite its strength of a greenhouse gas, is not efficient at causing a climate change (and really, there is little water vapor in high, cold part of the atmosphere where the heat balance is determined), however once a climate change is underway by CO2 or the sun, or whatever, water vapor will change in accordance with the new climate pushing it further in that direction. Kump (2002) in Nature will do a good overview of this. Also- despite what Monte Hieb says on his personnel blog, 95% of the greenhouse effect is not due to water vapor, more around 60% (see Kiehl and Trenberth 1997), but the more important point is that H2O only stays in the atmosphere for around 10 days, while an extra input of CO2 will stay around for over 100 years with some extending for tens of thousands of years, and so is just a feedback.
Chris