Fan speed control combined with the built in Asus Fan Expert is excellent, though you can't control them through the same interface. I use the Asus ribbon thing, though I usually hate using software like that, but in general the asus sotware is so good that I want to have it for other functionalities as well.
The h100i software has fan control, wher PERFORMANCE, BALANCED and QUIET (Silent, maybe?) are the default modes, but you have the ability to set a custom percentage or RPM for the h100i fans, that works excellently and you can go very low (as far as the fans support),
Control over the mounted LED in the waterblock works well,
the sensor readouts in the h100i software are a bit weird, not always displaying the temperature, but rather switching between showing zero and then the actual temperatur. I suspect this has something to do with polling rates and how the software displays the temperature (i.e. polls every second, refreshes display every 0.5 seconds) but I might be wrong. I don't care, I use other software for my temps anyway. If you choose you can skip the Corsair software and just connect the fans to your CPU and CPU_OPT header.
If you choose to connect them to the waterblock remember to remove the little black connector-proctector caps on each arm of the Y-Cable that connects fans to the waterblock, I spent a while scratching my head like a monkey till I figured out the cable wasn't actually wrong.
I would definitely consider getting new fans, I did (choose Corsair SP120 Performance over the Noctuas purely because of price, the SP ones are quiet enough for me so far), because the stock fans have a very annoying ticking noise a low RPM's, they cool they shit out of it and have a high CFM, but they are a bit too noisy for my taste.