I recently overheard a guy mention that, in order to deal with some problems he was having with his catalytic converter, he simply cut open his exhaust pipes and converted to what he called "straight pipes," i.e., avoiding the muffler, etc.
Assuming you live in an area which does not require emissions inspections, which is the case for me, that sounds kinda appealing. What are the advantages/disadvantages I should know about before doing this?