It’s really a shame how popular it was to mar shows with this… I saw a DVD set of a show once with a no-laugh-track version. It sucked because the actors pause for the laughs after each line. This is bad enough with the laugh track in place, but if it’s just dead air it makes every scene feel awkward.
I don't even mind awkward pauses. I tried using the laugh track silencer on an episode of Black Adder, and it worked out OK.
AI can remove those pauses by the actors too so maybe that would work.