So I found that to enable a small tap noise whenever you touch the screen, you go to your settings tab > sound > advanced > "Screen taps" and here you have the option of soft and loud. Well soft just isn't soft enough.
Does anyone know what sound file it's playing so I can open it with an audio editing program and lower the volume within the file even further?
(BTW, tap sound combined with touch response is pretty cool. Touch response is the vibrational feedback app by snailslug found here:
http://forum.xda-developers.com/showthread.php?t=450256)