[msndrstood]

I just hit the mute toggle and Voila! No shutter sound. Not that big of a deal for me.

What?! ...I'm msndrstood.
via Gnex

[cyberdman]

You can always install the Camera ICS from the play store. Its free and has the camera sound on/off option.

[planase]

If root you can use app ShutUpCamera. Still have a little sound but is better than nothing.

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[Guian]

Could use SoudAbout from GooglePlay. There's a widget it has to route all sounds through your headset. You can fip the widget on and no shutter sound.