I see noone has yet given you a satisfactory answer, so I will! You can get a SilentDrive enclosure for your drive. These are made from high density plastic. They contain two aluminum plates (low resonent frequency) that are pressed firmly against the top and bottom of the drive by internal foam accoustical padding. Both ends are capped, and there is a small slot in the removable rear cap for the IDE cable to pass through (top and bottom) as well as a small notch for the power cable, and two very thin side slots for the aluminum plates to stick out. One of the aluminum plates mounts to your drive case to transimit heat to the drive cage of your case (using a 5.25" half-height drive slot, same as a CD-Rom), and the other plate hangs free out the side to aid cooling further.
I mounted an old 7200RPM Seagate Baracuda SCSI drive in one of these and reduced noise levels by well over 50%. If you've ever heard the early 7200RPM SCSI drives, you'd know that this is an incredible improvement.
<font color=blue>Watts mean squat if you don't have quality!</font color=blue>