I experienced a cold start for the first time today when I left for work. I do agree with others that it is loud for the initial start up but once the idle settles down, the exhaust quiets down as well.
I took a few co-workers for a ride today and they all loved it. None of the three that I took for a ride said anything about the exhaust being too loud or droning, but none of them are into modding cars etc. I work a guy that autocrosses and is into cars so I will take him for a ride tomorrow to see what he thinks.
Ruskymx
P.S. Mo, you may be getting contacted from a guy from my area that has an AT that checked out my exhaust today and he

it