What is the possibility of doing this in realtime, using something like those ear aids the hearing impaired use, i.e. a small device that can be programmed to block out or lower certain frequencies, such as the vuvuzela, or lower noise over a certain decibel or frequency. Could be useful me thinks.
It would be possible, but we just don't have enough time to build, test and manufacture them for this world cup ?
The best would be to do this at home during a live match.
You will need a PC, TV tuner card and good old faithful Ubuntu ?