would wager you that if someone designed a watercooling system that would fit into the same volume that the ICE cooler takes up it would be much worse
Well, in my previous post I wasn't referring to the Poseidon kit, and the included all in one radiator/pump is the mitigating factor here. Without a good volume pump and decent radiator, its not going to happen. The kits that are currently targetted towards the SFF crowd are no better than stock coolers. Volume for volume, yes, the ICE will wipe out its water cooling brethren. When looking at larger solutions, I like the Zalman Reserator, but shoots itself in the foot with the two foot tower which eliminates the portability aspect if you are into LAN gaming.
My point as far as the ICE goes is that it is hitting the ceiling as far as how much heat it can move with higher end chips. If you saw the presentation by Intel with its dual core chips, we will be heading to a phase change setup with huge heatsinks. Something that won't convert very well to the SFF form factor. Active heatsinks and heatpipes alike are hitting a performance boundary. I'm sure watercooling will be there soon enough unless someone designs a case in which part of the chassis is the radiator.
Sorry, going off on a tangent pertaining to nothing again.
Hopefully someone comes up with a better (aka quieter) solution for the SFF crowd. I know I'd be on board since I have three.