MitchelC
MGF, Master Grumble Framer
When i let the air out of my 80 gallon air compressor (releases air outside of my shop), i never got any complaints for any neighbors (the closest is about 200 ft. away). A couple of months ago, one of the neighbors sold their house to a young couple. We visited them and offered help in moving, which we did. Very nice couple. They kindly asked me if there was any way to limit the "high pitch" "squeal" created by the compress when i let out the air. They said there pets (1 dog, 1 cat) would go "crazy" when they heard squeal, especially the dog. So.... i searched the internet and the best price i could find was about $50 bucks, until i searched on eBay. I ordered TWO with 3/4" threads. When they came in, i attached ONE to the air drain and was very, very supprized how much it muffled down the squeal sound. Then, using a "T", I attached BOTH to the end of the air drain. I waited until my neighbors got home, told them i would release the air in my compressor, and asked them to let me know how their pets react. I went straight to the air drain and let the air out. I never heard from them until about 10 minutes later. They called and asked me when i was going to drain the tank because they were going to be leaving to go grocery shopping. I told them the air was release. The were very surprised, because the pets did not act crazy at all. The dog did not bark and the cat did not start running like crazy all over the house. Problem solved. 
Example, check these out:
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=190483196397&ssPageName=STRK:MEWNX:IT
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=260416309453&ssPageName=STRK:MEWNX:IT

Example, check these out:
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=190483196397&ssPageName=STRK:MEWNX:IT
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=260416309453&ssPageName=STRK:MEWNX:IT