I applied a layer of rubberized asphalt (similar to Brown Bread or Dynamat w/o aluminum covering) and on top of it a layer of Spire's SoundPad (almost exactly the same as Akasa PAX.Mate) to the top, bottom, and sides of my older Antec full tower case. I can't tell you how each performed on their own as I did it in one fell swoop. I do notice a difference, and I have about 8 fans running around, but it's almost not worth the effort I put into it. I was just curious about it

I think what would help your problem better is applying convoluted or melamine foam to the surfaces of wall or desk facing the rear of your machine because I think most noise comes from there, bouncing back into your ears. Also if you've got skills you could construct a muffler for the exhaust fans that would further deaden the sound (
see example of intake muffler for an idea -- air moves around corners well whereas higher frequency sound does not,
image from Yoshi of TechTV's project). A more immediate and probably effective way to quiet 'er down would be
the 7V mod for the noisiest fans. It will raise component temps but it doesn't sound like you need the lowest temps possible for extreme overclocking

Good luck.