SUMMARY
Another data point: My iMac 5k produces a disturbing amount of fan noise during daily use in a cold home office environment.
DETAILS
I have the iMac 27-inch Retina 5k with M295X GPU, i7 CPU and 3TB Fusion drive. Ordered with 8 GB and I upgraded to 32 GB. I had a mid-2011 iMac before that which was silent.
The new iMac is the noisiest computer I've ever used at home. This is a subjective comparison with 5 different Windows PCs, some VAXstations an early desktop Macs (a Mac II?) and the mid-2011 iMac which was silent under a similar load. The only other source of sound is my dog thumping her tail against walls and furniture, my breathing, my fingers on the keyboard, a few HDDs spinning and intermittent air vent sounds for heating/cooling.
The Armstrong dB meter app on an iPhone 6 says it's 54dB(A) in here when the fan is NOT making what I consider a lot of noise. I might need to calibrate the meter because that sounds like a very high reading!
The iMac sounds like a small jet preparing to taxi a hundred yards away when a single process consumes about 150% of the CPU viewed in Activity Monitor for several minutes straight. I haven't looked at any of the temp sensors when this happens. I'm running apps like iTunes, Mail, Safari, Calendar, Hear (audio enhancement), 1Password, Aperture, Photoshop, Office Apps, Time Machine, occasional Steam gaming. I also get the fan noise when I'm booted into Windows 8.1 using a Bootcamp partition and running a Steam game that requires Windows such as: Far Cry 4
I love the system except for 2 problems: 1) the intermittent, loud fan noise and 2) the 3 to 5 second delay in disk response time from the Fusion drive when the HDD has spun down. I can change things system-wide to never turn off any disk and that helps response time - I wish I could set that attribute for just the 3TB Fusion HDD. I wonder if that energy saving feature effects external USB 3.0 connected drives. Does anyone know?