If you didn't want a loud intake, then getting the V2 may have been a mistake. I used to have an AEM CAI (the origional style), and it was louder than my Apexi WS exhaust. I don't know for sure if the V2 is as loud, but I can't imagine why it wouldn't be. The origional AEM CAI is a notoriously loud intake. Iv'e since switched to a Comptech Icebox because:
1. It's quieter, which personally, I prefer.
2. I'm building a high rpm powerband location, and the Icebox is a better fit for that particular goal than the AEM CAI. The Icebox flows better at high rpm's than a cold air intake.
Short ram intakes, in general, flow better at high rpm's than a cold air intake. But of course, a cold air owns over a short ram at take-off and lower speeds.