I live in an area that will quite happily get to the magic "120ºF" once or twice a summer. That is the only time our current A/C unit will struggle to keep even 80ºF setpoint. The rest of the time, the system cycles quite happily, so its mostly oversized for what it does.
Still, the humidity is kept at about 40%, even on balmy nights where the temperature outdoors is equal or slightly cooler than inside.
As for my tolerance to heat, no, I don't like it one bit. Yes, it feels hot, but it doesn't bug me when I'm outside. Its just when all your furniture and everything is roasting hot and sticky that things start to bug me. Or the fact that even at 68ºF, I have a perspiration issue already - and it won't take much to create unpleasant odors. Add a hot 104+ day in, without A/C, and even a 10ft pole would be too liberal!
And cars? No way you can get one of those to cool off reasonably on a hot day. Those seats (whether leather or cloth-covered) stay hot no matter what (and they humidify the interior so much it isn't funny).
It would be nice, however, if A/C units were nice and quiet again. Like the systems Combo is mentioning (I'm amazed a 40 y/o system can deliver 13-SEER. I can imagine it would have cost squat to run when new with 70s electric prices).
Our system is quiet, although given its mounting place, it transmit very deep bass-frequencies into the house. The fan noise outside is all you hear - which is two large fan motors moving a ton of air.