So has this been remedied to any extent with 1.03 or a small "update" since?
No, absolutely no changes to the flawed onboard shadows since 1.03.
Basically the idea of whole lighting engine is good, they just added very dark (black) shadows which cover dials. These shadows cover dashboard depending on your position on the track and depending on the time of the day (For example in the morning you'll have shadows covering dials at one corner, and in the afternoon - at another).
The best solution for this problem would be making shadows ~10 times lighter (more transparent).
In real life you also have them, they are just very 'weak'. And in this game they are very 'strong'. It's an easy fix.
Actually if you have variable weather track, and it happens so that the day is 'cloudy', meaning the sun is not so strong - then suddenly you can see dashboard more or less clearly the whole lap! However you can't choose when you'll have this type of wheather and usually you get very sunny day and as consequence - very black shadows.
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