The bags are only noisy when un-expanding very fast. The expanding happens so slowly it isn't noisy.
The container is sealed but the heat is extracted. The longest I ever use my computer is maybe 4 hours, and it certainly lasts that long before needing to dump the heat out into the room. The heat it puts out into the room isn't much worse than a normal water loop.
Unfortunately, the boiling point of the liquid isn't very low, the thermal epoxy isn't the best, and the 1700x throttles at 75C, so I get poor performance under heavy loads. If I were to do it again, that's one of the biggest things I'd try differently.