Browser-wide Granular Sound Management For Google Chrome
MuteTab is a Chrome extension that helps you manage the sound coming from tabs in Google Chrome. It helps you to find which tab(s) are making sounds and provides browser-wide management of tab muting (calling JavaScript functions where available, otherwise hiding it from the page), including automatically muting all background tabs.
It does not, however, universally allow muting a video or game so that it can be played silently while listening to background sounds coming from another tab. (This is not possible in Chrome without either plug-ins such as Flash being updated or Chrome's plug-in architecture undergoing an unlikely major redesign.)
8/1/2011TechCrunch writes that this extension making a noble attempt at solving a #firstworldproblem 8/1/2011Lifehacker did a writeup with a video that conveniently won't show due to MuteTab's most critical bug (working on it...).
8/1/2011: Gizmodo has a nice description of the extension (probably easier to understand than mine) 8/1/2011: Posted to Slashdot 7/31/2011: Mentioned on Reddit and visitors were told by a user it "requires all the upvotes now"
7/28/2011: Posted to Reddit in the Chrome subreddit