http://silentpcreview.com is another good place to check too. Somewhere on there they have reviewed 2 different products that are being sold to dampen and absorb computers sound. Check it out. That place helped me build a quieter pc.
On top of that I plan to build a case out of wood with an open front and back and with enough air space on the sides that it wont cause a problem and put some nicely wrapped 703 on the inside lining it.
In one of (supposedly) Dr.Dres studios (i got a pic of some studio anyway) they literally put a G5 inside an enclosure lined with auralex. So I plan on doing something similar.
But becareful for overheating. Definitely can be an issue when dealing with making this quieter. Such as fan controllers etc.
What I did in all seriousness (after trying so many other things) was to just buy a new case. It was a case by Antec called quiet something or other and it had built in sound dampeners. Way quieter then my last jet engine. Now if you lined that with one the aftermarket foam products being sold. I think it'd be quieter. Then building a case (remember air flow) with 703 surrounding the pc. I think you got a sure shot of one pretty quiet computer.
My idea of the day anyway.
Hope that helped some.