I just installed the Volant CAI system with the Donaldson filter. I had this installed for a week before installing the Corsa exhaust, and I will say, it sounded good, but might be a little much without the added exhaust sound.
Overall I am pretty pleased. As others have stated with the Volant system, the fit and finish could be a little better (the cover doesn't directly line up with the box). The only thing I was really disappointed with was the cheap rubber hose that comes with the system for the valve cover breather lines. The hose would easily kink, so I went to the local auto parts store and bought 3 feet of corded thick rubber hose that will not kink for $7. I do really like the Donaldson filter and I think the system sounds great when combined with the Corsa exhaust!
I don't know if it is providing any "colder" air, but there is definitely more air available vs the stock system, so that can't be a bad thing...