DivetheRock:
Imagine being in 5C water, and someone/something tearing off your wetsuit. It's not necessarily the loss of the wetsuit that would stir you, but the rush of the cold water hitting your body (i.e. shock). Geeze...makes me wince even thinking about all this.
Several years back, I took the liberty of taking a swim in a 5°C/40°F pool. As "getting used to" the water at that temperature is not possible (well, they call it "hypothermia"), I made the only entry possible: I took a flying leap off the diving board.
Plunging into water like that, I found that for a split second it was the most excruciating coldness I've ever felt. It's as if you are being stabbed, burned, and frozen, all at the same time. After that initial impact, however, the sensation almost immediately abated, leaving me in an almost serene and somewhat euphoric state. Swimming to the other end of the pool, on the other hand, brought stabbing cold pain with each movement (as moving your skin through the water greatly increases the heat transfer).
I imagine the sensations would be similar with a sudden mask flood (or loss) in very cold water. If you can handle the initial assault on your senses, you can replace and clear the mask during the "cold high" that follows, as long as you keep your head. If I find myself in any shallow, frigid water at the end of a winter dive, I'll have to test the concept.
Incidentally, when I drove to Prudhoe Bay, Alaska, it goes without saying that I swam in the Arctic Ocean. The ice had been up to the beach a week earlier, they told me, but it had pulled away a hundred yards or so. I waded out about 20 yards before the plaintive cries to go no further got the better of me (they didn't want to have to go in after me, hehe). With a theatrical bow, I stood tall, thrust my arms out wide, and let myself fall backwards into the all-but-frozen water. As I submerged, I noted that it didn't seem anywhere near as cold as the pool had, but when I started wading back to shore, I also noted that the rather stong (not to mention bone-dry and quite cold) wind was not something with which I'd contended in the backyard.