There is a new workaround for Xbox which I recently wrote about here: How to get rid of the White dot in cockpit view (Not working under SU12) (Xbox, controller only) - #105 by atticusmoh
You basically have to fly after toggling freelook mode, and remap some other controls. But it works for me and a few others on Xbox and has made the sim enjoyable again.
But I 100% agree, the issue needs a proper fix from the developers.