I had a chat with HP tech support today, and I was advised to update iLO to 1.55 (currently latest). After installing the update, I thought this FAN NOISE issue was fixed for a moment. However, it just came back within a few seconds. Now this server is making sound of a jet. My plan was to use ML110 G7 as my home server hosting NAS and other basic things, but I don't know if my family can bare this noise. I worked with large servers in the past, but this bottom end server is making louder noise. This is crazy!!!
I really wonder what HP can do at this point... I am also trying to find any sort of solution to this issue online, but no luck so far. I just see many people having the same issues.