I have one, its installed and its loud. Bought it about 6 months ago. It seems to have quieted down quite a bit since it was new though.
I was wary of all the electrical burn reports but it seems like most of these problems were from the intial batches (circa 2005/early 2006). Nyko at the time said they were "addressing the issue" and then I couldnt find any more recent reports on the subject, good or bad.
I guess they fixed it, I have 2 friends with them and they havent had an issue so far. They seem to still be widely sold so, Id hope that if it was an ongoing widespread problem they would have pulled them by now.
It does pull alot of hot air though...
PS360 ftw!
Currently playing..........
Gears of War 2, GTA IV Lost and Damned, Little Big Planet (Yes I said I had no interest but my girl wanted to try it and we did and now Im hooked 
)
