After using it for months, it still gets in the way when used with the Icons-only Task Manager.
I can't say that it's gotten in the way for me either, with my thick panel. It does overlap the badge icon though which is a bit annoying.
Also yes, if you want to remove this from the IOTM, you need to hide the setting on the IOTM's config page too.
Title needs updating to reflect the current state of the patch, if you'd still like to propose that we do this. I'm still not sure I understand the point. The indicator is already disable-able for both the IOTM and TTM. What value is being gained here?
I won't block this, but personally I don't find the indicator to be a problem with my IOTM. When I click on an icon, I'm almost always clicking on a pixel adjacent to the screen edge, which is on the other side of where the audio indicator is drawn, so it never gets in the way functionally.