ive got a similar issue. im using two comair viking DC centrifugal blowers that i got ducted to my cpu, and their combined amp draw is 2.6, which makes for 32 watts. right now im using a three position switch that came with a volcano 7 i bought a way back, and mounted a iceberq 4 with a broken fan on the back of it to keep it cool (that thing gets VERY hot). ill gve that 120v dimmer a shot, that sounds like a good idea.
i also ordered a boat bilge blower for S&Gs that draws 3 amps, so ill need an even more robust controler for that.
right now im at 40C running prime95 on my oc'd xp2600 with the vikings on medium, where they dont make much noise at all, blowing onto a volcano 12 hs.