Powersave in snd_hda_intel was reenabled in kernel-2.6.30.5-43.fc11.x86_64. This causes audible pops, as described in bug #493972. Setting power_save=0 in the module option fixes the issue. The sound card is a Intel 82801I with the IDT 92HD71B7X codec, found in a HP Pavilion dv4-1125br.
Same here, very annoying. I just discovered this happening on my Dell M6400 laptop at work with ICH9 chipset. The power_save=0 module option is an appropriate workaround for me as well. http://www.smolts.org/client/show/?uuid=pub_42c35527-2deb-4e7c-8136-239de87be160
*** This bug has been marked as a duplicate of bug 523836 ***