@Whitigir No worries about your comments, I understand where you are coming from. I've learnt from the past that in these cases it's best to verify these sorts of things before posting about them, which is why this time I was very careful to confirm on the demo units that I could hear the noise BEFORE I went ahead and posted the video. I also have already gone to the Genius Bar, where the technician confirmed that they could also hear the noise. There's been a report that as far as I know has been escalated one level up; don't know if I will hear anything from that. I've also emailed Tim Cook

Apparently this works sometimes?
In Australia we get a 14 day return / replacement window from Apple. I was a little discouraged by my findings with the store demo units though, and I didn't want to get a replacement if it turned out to be a waste of time. That said I may take up the option just to roll the dice now that I've basically done all the recordings I can do from this unit.
I've now gotten more than a few Youtube and Reddit comments from people remarking that they can hear the noise, including some quite specific reports that talk about which earphones they can hear the noise on and which ones they can't. At the same time I've also gotten reports, also quite detailed, from people who
can't hear the noise. So I'm suspecting either bad batch OR different variants of the phone with different cellular radios might have different noise. I really post these videos as a way to gather data and to give people a way to recognise and more importantly
replicate the issue.
I've tried hard
not to over sensationalise the issue. As I've said repeatedly now,
this won't be a problem for most people with most earphones in most situations. But it is very irksome in the sense that this is the most expensive iPhone I've bought so far (thanks to the $AUD exchange rate) and it seems like at least on a few units Apple has mucked up an aspect that I was previously very, very happy with. Nothing is perfect but this seems like a senseless sort of performance regression.
I have owned 4 iPhones prior to this one. I really like them. My hopeful outcome from all this is that Apple says "bad batch, sorry, here's one we know is good."