I agree- at work I have 12 servers from Compaq and Dell spinning lots of SCSI drives- but this is my home server.  It is on 24 hours a day in the room adjacent to the living room in our small apartment.  It sits on a shelf in a corner, which helps to amplify the noise.  SCSI drives are now at a minimum 7200RPM, which makes them loud and hot.  Heat means you have to have fans, and fans are loud.  I went to great lengths to make a quiet server (I replaced a Cobalt Qube).  I ordered a 28dB power supply, 30dB fan for the CPU, and picked the Maxtor Diamond Max 45GB 5400RPM IDE drive because of it's quiet and cool operation.
I think the reliabilty of IDE drives has increased considerably recently, my two Cobalt RAQ 3i servers at work have IDE drives, and a lot of ISPs depend on RAQs.