The sound design, as usual for Nintendo, is instantly recognizable. It makes this kind of phased, dopplered hissing sound, a parody of "something going very fast." You can hear it coming up from behind a few seconds before it hits, or when it passes someone else in splitscreen mode. The latter is the really frustrating scenario: you know you're going to be knocked out of the race--the only question is, when?
The blue shell is the reason I can't play Mario Kart anymore. Belle and I started playing on the Wii again a couple of weeks ago, and for the most part I enjoy it. The boosts are toned down so that snaking can't be abused like the DS version, the tracks are decent with few outright stinkers, and I like the addition of motorcycles (even if they're unplayable with the Classic Controller). In multiplayer, I could care less: if I get knocked out and lose to Belle, it's all in good fun. But then I tried unlocking new characters in the grand prix mode, and the blue shell completely ruins that.
The thing about Mario Kart is that it's balanced via progressive taxation. Everybody in the race gets items, but the better you're doing (right at that moment) the worse those items generally are. If you're in the lead, you only get items that let you maintain that lead (but not increase it), like banana peels or fake item boxes. If you're in the back of the pack, you get items that let you jump up in line, like the star or bullet. And the game heavily incentivizes using those items quickly instead of hoarding them--a number of the other power-ups will cause you to lose anything you're holding when they hit you. It's actually an extremely clever set of interlocking mechanics, all designed to keep races unpredictable.
But the blue shell breaks that pattern. It doesn't give you a boost (even implicitly, by punishing everyone else, the way that the lightning does). In fact, if you're in the back of the pack, it probably doesn't help you at all--the second and third place racers are just going to shuffle up in position. Using a blue shell in Mario Kart has one goal, and one goal only: to ruin the third lap for the best racer on the track. It's subsidized griefing.
Worst. Power-up. Ever.