Yea, the factory fan is loud. I know this is an old thread, but thought I'd post my solution to this problem anyway. Researching around on the net I found that you can easily replace the fan with a quieter one. I used Invalid Link Removed which only cost $8.74 and replaced the existing one. With the new one I barely know it's even on now in my quiet room.
The stats I recalled seeing on the factory fan is Air Flow of ~24 CFM (the one above has 26.1 CFM), is dimensions of 80mm L x 80mm H x 25mm W, and is a 24V DC fan.
I want to say I saw somewhere the factory fan had a noise level of 27 dB while the one I replaced it with has rated noise level of only 19 dB. Remember, dB's are logarithmic so that's a vast improvement.
For reference I have the old fan sitting here. It's labeled :
NONOIse fan model A8025H24B-FH, rated DC 24V and 0.095A made by "Oriental Electronics, CO. LTD"