You made an account on an Apple Fanboy website in an attempt to make us reconsider on purchasing a MBA. Good luck.
1.) Your first point goes to show that you are an uninformed consumer. This computer has a fan.
2.) The major hardware advancements was the switching to a Sandy Bridge processor, upgraded bluetooth, and thunderbolt.
1.) I stream to my TV without any issues. However, streaming flash does cause the fans to go on. This is to be expected. As for how loud they are--all of my laptops I have ever owned have been louder than what this is at 6500 RPM.
2.) I don't know where you're getting this lagging thing from, mine works fine. This computer can handle basic internet. Perhaps your roommate should quit the torrent downloads.
My conclusion of your post: You're a troll, making your first post on an Apple Fansite. You did not give any information on any sort of steps you did to resolve your problem other than returning it. I'm glad you returned your computer--that is, if you even bought it in the first place.