You can also flash your dvd drive's firmware and make the disk spin at a lower speed, it supposedly makes it alot quieter. This however involves taking apart your 360, voiding warranty, crossing your fingers hoping that you have a drive that can be flashed, inserting the drive in a pc, flashing, reinserting it in the 360 and pray Microsoft doesn't suddenly decide to ban everyone with a flashed drive. (omg what a sentence xD)
I myself are looking forward to the fall update :p