Yeah I turned that shit off so fast I broke my dashboard.
You have enlightened me. http://i.imgur.com/F6xHJ.gif
I just checked, and I'm sad. While it doesn't show who is following me anymore, I believe the notification button still turns white when someone is following me. Now I click it and end up disappointed because there are no news. :(
I know, I noticed the same thing... kind of annoying but better than the news being buried under 100 refugees.