This is an old post, preserved for reference.
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Recently though it's been making a buzzing noise under load. Not necessarily a problem, but it's been getting louder and more annoying. So, I thought it was time to take it to bits and see what makes it tick (or rather buzz).
It seems to be fairly well made compared to some units I've seen. There is some unpopulated area at one end, which appears to be a 5V USB charging supply option not on this model.
Turns out the fan on there was making the noise, an 8V 30mm unit. I've removed it and tested it on a bench power supply, at 8V and it runs fine, as noisy as expected from a small fan, but not as bad as it had been inside the PSU. It seems it was being driven by a voltage which slowly rises with load, and at about 3-4V it is trying to start but fails to spin and just sits there and buzzes. Not a very good design really, it shouldn't be run below a safe guaranteed starting voltage, in this case, about 5V.
UPDATE: Comments disabled on this post as it seems to attract a lot of spam.