You can die of hypothermia when the temperature is well above freezing, and you will die of hypothermia after a while in 77 degree water. Many interesting facts at Freezing Persons Recollect (h/t, Cons Grapevine). All outdoorsmen should know this stuff. One example:
...many hypothermia victims die each year in the process of being rescued. In "rewarming shock," the constricted capillaries reopen almost all at once, causing a sudden drop in blood pressure. The slightest movement can send a victim's heart muscle into wild spasms of ventricular fibrillation. In 1980, 16 shipwrecked Danish fishermen were hauled to safety after an hour and a half in the frigid North Sea. They then walked across the deck of the rescue ship, stepped below for a hot drink, and dropped dead, all 16 of them.