It really depends on the make, the model, and sometimes the luck of the draw. 7200rpm drives generally run hotter than 5400, but at most perhaps a couple of degrees more. Decent 7200rpm drives still run cool.
As for the sound, it depends on a lot of things. Faster drives tend to vibrate more, and have a higher pitched "whine" sound as they spin. But thats not to say that a 5400rpm drive can't have the same issues, or that all 7200rpm drives exhibit this issue. I don't have much experience with 2.5" drives, but i've been very happy lately with Western Digital 3.5" 7200rpm drives - almost zero vibration and no whine to speak of. I've had the least luck with seagate drives, which have loud seeks and tend to make regular "click" sounds every 30 seconds which would drive me up the wall.