1. "failed... at better than chance" means that their guesses were statistically no better than if they had simply randomly chosen their answers. "at better than chance" pretty much means as good as chance... or the same as chance.
2. "cold comfort" is a colloquial phrase that means to get what you want, but it doesn't satisfy you because there is a bitter aspect to the victory. for example, if you were in a car accident and the court found the other person guilty but didn't grant you any financial victory... you might say that the win is a cold comfort - you won, that is good, but it doesn't do you much good because you don't get any money to fix your car. it is similar to the phrase "pyrrhic victory." in the context of the sentence above, they are using 'cold comfort' as a play on words because they are talking about temperature, and also, the surgical procedure might work (good) but you have to be frozen (not so great). so, a cold comfort.
3. wait and await are both verbs. they mean almost the same thing. I wait for my friend. I await my friend's arrival. I wait for morning. I await the morning. so, you 'wait for' something but you 'await' something. also, wait can also be a noun. the wait is so long... however, you cannot use await as noun.
I hope that is clear.
Alexis