Yes, there are a lot of plugins that do a great job reducing noise, but still use resources to do the job.
Although you can Freeze the track, I was thinking more along the lines of what other audio editors do, that actually modify the wave form and not have to use any CPU power after it is processed. It would be like Time Stretching, cut and pasting, Normalizing or any of the other wave editing Sonar already performs.
And of course, still be nondestructive to reverse the process if needed.