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I just installed it, but haven't fully tested it with load.
It is a bit louder than my older power supplies, but it's not that bad.
I'm a type of person that's very picky about most things. And I was extremely worried about the noise level on this thing.
Plus the fact that it automatically adjusts the fan speed according to the heat is a plus. I would go crazy if this blew at full speed all the time.
At normal use, I can't hear it over my other fans (cpu, gpu, case).
I would have to test it a bit more to see how louder it gets, but as of now - it's definitely quiet enough.
I will post an update after a few days of use regarding noise level, stability and whatnot.
Although I really wanted a modular psu, I decided to take a bite on this (the custom modulated ones from performance-pcs didn't justify the $150 premium imo).
Currently I'm glad that I decided to purchase this one. The cables are sleeved in a quality manner. And it was easy to just tie the cables I dont need and tuck them in one of the drive bays.
If it's the same fan used in the 850W SSI PSU I can understand your lack of enthusiasm. I built a PC for a guy with one a while back and it was the loudest thing in his system and compared to my PC it was enough to drive me up the freaking wall... He says it's about the same volume as his last PC though so he's happy with it and as long as the customer's happy I'm happy.