It's not silent at all. It hums/buzzes depending on how close you are to it, stick your head next to it and you can hear a buzz, sitting near it and with fans in the case it's more like a hum. Once or twice a day might hear an air bubble bounce round the loop, makes swishy noises on startup too.
As for it being heard over 7 fans making no noise, well that's not too hard, I can hear my HDD accessing too. You can hear a lot over the sound of a low volted 120mm.
Another thing, my case is about 1.5 feet from me, on my desk. If it was under my desk it would be quieter.
It's all very subjective, I'm using an Antec P180 mini, I can easily hear it with the fans on low, fans on medium, well most of what I hear is just the fans then.
The tone of the pump isn't particularly annoying. Annoying would be the tiny fans ASUS puts on their low profile cards which whine rather than buzz/hum why is why I removed the one on mine.
You're not going to know if it's as quiet as you want til you get one because some people have worse hearing than others but don't buy one thinking it's silent. If you want silent you'd have to spend more, have a slower computer or muffle it to death.
If you use the same fan then the H50 is louder than a cooler just made of metal plates. It's not possible for it to be quieter. Cooler, maybe, but that's never guaranteed especially if you have a good air brick already.