That's odd,i've never heard of it "hissing" while the clutch was depressed.It don't seem like it would be the throw out bearing making this noise.The throw out bearing only would make noise if it were spinning.When you press the clutch in,the load of the engine is being removed and therefore has no grasp on the clutch/TOB so therefore it would slow down and eventually stop after about 3 - 5 seconds.So if there is still noise after this time,then it is definately not the TOB.Perhaps something on the flywheel end.
You don't have a Hydraulic clutch installed,do you?