There are two sounds with the typical Cherry MX blue keyswitch: the pleasant and satisfying "click" as the key activates and the annoying "clack" of it bottoming out.
The dampeners only affect the clack; not the click.
Of course, being considerate to one's coworkers is always #1. No substitute for that.
When I have coworkers sharing my office, I show them that I have a non-clicky keyboard right here in my desk drawer, and make them swear to let me know if the clicky keyboard ever becomes even slightly annoying. I show them where the other keyboard sits and tell them they can literally just swap it out themselves if they like. I like my (modified to be quieter) clicky keyboard but I like my coworkers 100x more. :)
In contrast, you can't do that for the noise of a car on the road because here the whole car vibrates and you couldn't, even if you wanted to emit sounds that cancel whatever rumbles quickly enough. Therefore they employ some spectral analysis of the noise and cancel persistent noise. This, of course, wouldn't cancel the sound of hitting a wall.
Again, I'm not 100% sure about this because it's outside of my field of expertise. Corrections are welcome.
I love my Model M and use it at home, but I don't use it at work out of respect for my coworkers because it is very loud. But if a coworker replaced my keyboard without talking to me, I would not be happy.