Really??? Where did you hear this at? I never heard of this one before, I wonder if it really works. I'd like to talk to someone that has done it. My GFs brothers 04 GTP has a bad cat. I told him to cut the damn thing off and buy a sim. He's strapped for cash so this would defaintly save him a few bucks if he wants to do it. My PT won't work on his car unfortnuietly.
As for cats, I believe they are very restrictive. Before i finally rid my car of a cat completely I was running a Magnaflow 94009 High Flow 3"/3" Cat. As soon as I removed it with no other changes I dropped a pound and a half of boost. It was defaintly a restriction somewhat. Once it got off there, it never went back on. On the other GTP, I bought a bolt in 3"/2.5" Off Road DP to take care of any future cat problems for good.
As for noise, depends on your exhaust setup overall. My other GTP has a 3"/2.5" Off road DP bolted to a bone stock catback. It maybe a **** hair louder than stock, thats it. You hear the Thrasher CAI and the S/C well before any exhaust noise. Absoluetly 0 drone at any speeds too.
My car, its a bit louder but its a bit different too anyway. I'm running TOG headers, Full 3" Exh, 2.25" Y pipe, Stock Mufflers no cat or res. Its louder but it don't have much if any drone at all. Course most of that is thanks to the stock mufflers. When I had Turbo mufflers on there, boy it was loud, droney, and sounded like absolute ****. Best thing I ever did was reinstall the stock mufflers on that car. LOL