I removed my acoustic valve today and extended the standard air feed with some K&N hose then cabled tied it to the vents at the bottom of the arch liner. Have noticed the engine breathes much better and accelerates quicker, induction noise is also louder.
I've done a BEng course in motorsport engineering and I can tell everyone that this is a beneficial modification, costs nothing too!
Oh and to the person who said the engine was mapped to run with it on, the ECU will almost certainly compensate for it being removed.
When you think about it, the air entering the inlet is going to vary in temperature (especially in the UK), colder air is denser, the ECU will therefore be programmed to inject more fuel when the air is colder/denser.