Insert "now you're thinking" meme image:
Sound can't hurt your ears
If it doesn't exist
> prevent your perception of sound.
No. It is destructively interfering with the wave. You don't perceive it because there is no more sound, not because of some perceptual trick.
(For any pedants looking on, I'm ignoring the fact that the cancellation may be imperfect. Unless there's actually constructive interference going on -- which is not what delinka is saying -- there is plain and simply less sound.)
It’s probably not as good for your hearing as an equivalent level of passive NR. When I fly long trips, I notice that my hearing is slightly impaired for a day or so. There could be a lot of confounding factors there, of course.
That's not added sound, though, that's a portion of the original sound that just didn't get cancelled.