Sort of. It is not surprising that incremental quantitative changes results in a qualitative change, but the exact nature of what emerges can indeed be quite a surprise. It is nevertheless useful to keep in mind the general pattern in order to not be blindsided by the fact of emergence in each particular case ("But... but.. they are all nice people, I didn't expect them to turn into a mindless murderous mob!"). And to be ready to take action when the emergent entity hits the fan.
Agreed. Like with surprises, you can try to be robust to them or agile enough to adapt.
http://singularity.org/blog/2013/01/30/we-are-now-the-machine-intelligence-research-institute-miri/
As Risto Saarelma pointed out on IRC, "Volcano Lair Doom Institute" would have been cooler, but this is pretty good too. As the word "Singularity" has pretty much lost its meaning, it's better to have a name that doesn't give a new person all kinds of weird initial associations as their first impression. And "Machine Intelligence Research Institute" is appropriately descriptive while still being general enough.