Looking for better cooling for am3 type cpuFollow

I currently have a AMd phenom II quad core cpu. Performance wise it does everything I need and beyond. I have had it for I guess about 2 years and have used the stock fan that it came with. Problem is the thing runs so hot that it is warming my computer room up. Its not much of an issue during the winter time but during summer I almost don't even want to use my computer to play a game because I know its gonna warm the room up. Not only that but the thing sounds really loud. I even added one of those pci fans and it hasn't helped.

I would like something that will be quieter and something that won't raise the temp of the room. I have been looking at this:

http://www.tigerdirect.com/applications/SearchTools/item-details.asp?EdpNo=1241960&CatId=499

Of course, like anything, when reading the customer reviews You have a ton of people who think its the greatest thing ever, then you get people who think its the worst thing ever made. Anybody know if this would solve both of my problems? My thoughts are even if I buy a bigger/better fan its still going to put just as much hot air out in the room. IF its liquid cooled I would thing it might be cooler all together.

hmm sounds like I might just need to get a better chip then. For a temp solution I just took the case off the side and have a full fan blowing in there. The sound is definitely a lot better although ti still warms up in here. Good thing is the room has hardwood floors so there is very little dust in here (only have to change the air filter every 6 months).

It was prob one of the first quad core cpu's to come out. Anyone recommend a good cpu that fits am3 motherboards? Would like to keep it the same speed which is 3.2 gigahertz