Well, I'm a cooling freak, worried about keeping my temps down, but this last week has been a revelation for me here on the forums.
With the foam-board ducting and some Spire-pads, I DID cut down the noise but was inclined to run my CPU fan at idle above 2,500rpm and at load -- full-bore for the Delta Tri-Blade at 3,700rpm.
Looking at the bench-tests in reviews for the CNPS-9500, the XP120 and the SI120, I realized they were collecting data on these things with the fans spinning below 1,000rpm, and the thermal resistance was still around 0.18 C/W.
I trimmed all my fan-speeds down. I discovered that I was only getting white-noise from turbulence with the Delta above maybe 2,200rpm, but there is a faint motor whine at the low-end around 1,500rpm!! Thinking of changing it to a Panaflo, and for this reason:
I'm going to do some more tests, but I don't think the CFMs arising from a 120x38mm fan spinning above 2,900rpm make any difference at all in load temperature, and it may be that the minimum thermal resistance is reached around 2,500. I'm not even noticing much in the way of chipset temperature increases from the CPU fan tuned down -- apparently the ducting and the lower CFM still keep the temps down on the chipset heatsink and surrounding mobo and memory modules.
I was especially interested in your rig, because I'm going to experiment with a 3.2E processor despite my earlier resolve to forget about Intel and build an AMD system next year, but my brother is due a computer upgrade for Xmas, I've got some spare OCZ's, so I thought I'd just replace the entire mobo, processor and heatsink. The replacement heatsink will be an SI120, and I anticipate almost breaking even from the overclocked 3.0C that's in there now. Your load temperature with your Prescott is higher than I want to go, but I was planning to run the fan about 600rpm faster than you do -- just at idle.
I still think you could cut your load temperature down a few C's with some foam-board, and it would further deaden the noise. But you'd have to have the inclination to do it and that's your business. Even though my duct is designed for "easy removal," it's still a minor PITA for accessing the mobo.
Here's my rig:
P4P800 (standard) ASUS mobo
2 GB OCZ EL Gold DDR500 @ DDR480
P4 3.0C @ 3.6 Ghz
dual Hitachi 160 GB's in RAID0
ASUS V9980 nVidia 5950 Ultra AGP
Creative SB Audigy 2ZS
Cooling by ThermalRight XP120 -- Delta Tri-Blade; VGA: Zalman ZM80D with OP-1
PSU: OCZ PowerStream 520
Case: 1995 Gateway 2000 full-tower
At a room-ambient of about 70F, the CPU idle is about 32C or 90F; Load under PRIME95 Large FFT is 46C or 115F.