It's a great preamp, and if you build it with good components and use batteries it'll be damn near silent. I had mine just in perfboard for a while, and after I butchered another power supply to see how the noise was it literally dropped between 30 and 40 decibels. It wasn't a bad power supply, either - I also used a good computer power supply to check afterwards, and its own noise is obscenely low. What's more, it's fairly consistent when it's there, so it might even be possible to record tracks of 'silence' and cancel the noise out that way. This is a beautiful fucking circuit - it exists solely to make people like us go nuts.
Jeff