This is Ambient Town Sounds by wildespace but edited to remove the insane instant messenger background noises and to remove some loud sounds that hurt the looping ability.
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Ambient Town Sounds Edited 1.0
The Original Ambient Town Sounds should NOT BE USED with this.
All I've done is altered the City Day file to remove the AOL Instant Messanger sounds in the background. I also removed several sounds that didn't loop well, like the sneeze, the loud laughter, and a few other sounds that really stood out. I did this because after listening to this loop several times while in a city, I really didn't like these sounds jumping out at me. I also altered the volume of the files to make them more uniform and fit better into the background.
Anyway, this obviously is partly about preference, but try this out and see. All credit goes to Lendrik (wildespace) for making the mod, but I just couldn't wait any longer for him to fix these problems.