I read through the article, and let me extend my thanks.
This is a useful article, except that it assumes one thing: air which has been "warmed" will significantly mix (through turbulence) with air which is still cooler before it is expelled from the case.
Count the heat-generating components excluding the PSU (which usually has its own fan but provides another exhaust channel for case air). They are small enough in number that a significant percentage of airflow can be "focused" in certain hot items (for instance, the CPU HSF and especially the CPU.)
The more you can focus and control air through low-volume, high-airflow passages, the more you can control what gets done with the exhaust if it has not had a change to mix with "other" case air.
The side-panel blow-hole supplementing a CPU-fan intake helps here, but it also produces more noise on a surface that is more likely to come in direct contact with user ears than fans mounted in the rear. And the sound doesn't just travel in the direction of airflow -- it travels against it -- maybe there's a Doppler effect, but it doesn't make the sound go away.
So fewer fans are better if you can control both the noise and the air they disperse -- hence motherboard ducting. True -- "more" fans of the same size and lower rpms may mean less noise and more airflow, but when you consider the area consumed by a case side-panel filled with fans, it becomes harder to direct that air. More fans means more power consumption, and also more heat.
Directed air-flow will reduce both the need for running fans at noise-producing rpms, the number of fans, and the overall noise.
I've moved away from exclusive preferences for large 120mm fans. In certain situations, for instance drive-bay cooling and motherboard-bottom ventilation, a 70 or 80mm "slim" fan (15mm thick as opposed to 25mm) -- running with a 7VDC tail instead of a 12VDC tail -- may be just the thing. They can be had as either "tip-magnetic" or "mag-lev" fans, or in less exotic designs. Some are better than others.