Lots of brave souls yesterday doing the Penquin Plunge for a good cause - I saw some people with Milton T-Shirts that participated, but nothing that looked like Fairfax. I know that a few years ago Marc Bessette used to do this. Always meant to get with him and find out exactly what it might be like, since he had done this. Never heard anyone say they caught cold or pneumonia, so I would say perhaps the reason for doing it may be a protection. Also, I don't believe I ever remember it being cancelled because of weather.
Channel 3 News has a video clip of some of the people taking the plunge - check it out:
http://www.wcax.com/global/video/popup/pop_player.asp?clipId1=2179800&at1=News&vt1=v&h1=Icy%2C+Cold+Penguin+Plunge&d1=136900&redirUrl=www.wcax.com&activePane=info&LaunchPageAdTag=homepage&clipFormat=&playerVersion=1&hostPageUrl=http%3A//www.wcax.com/global/video/popup/pop_playerLaunch.asp%3FclipId1%3D2179800%26at1%3DNews%26vt1%3Dv%26h1%3DIcy%252C+Cold+Penguin+Plunge%26d1%3D136900%26redirUrl%3Dwww.wcax.com%26activePane%3Dinfo%26LaunchPageAdTag%3Dhomepage%26clipFormat%3D&rnd=49291588 (http://www.wcax.com/global/video/popup/pop_player.asp?clipId1=2179800&at1=News&vt1=v&h1=Icy%2C+Cold+Penguin+Plunge&d1=136900&redirUrl=www.wcax.com&activePane=info&LaunchPageAdTag=homepage&clipFormat=&playerVersion=1&hostPageUrl=http%3A//www.wcax.com/global/video/popup/pop_playerLaunch.asp%3FclipId1%3D2179800%26at1%3DNews%26vt1%3Dv%26h1%3DIcy%252C+Cold+Penguin+Plunge%26d1%3D136900%26redirUrl%3Dwww.wcax.com%26activePane%3Dinfo%26LaunchPageAdTag%3Dhomepage%26clipFormat%3D&rnd=49291588)