Hello everyone, want to let you know that switching over to SteamVR Beta branch can completely resolve the issue.
This will be a temporary fix however as the branch will eventually likely be deleted with future iterations of VR 2.0.
Link to the beta branch is here: https://steamdb.info/app/250820/depots/?branch=temp_v1.27.5
With this you should find that SpringboardVR menu appears as before with no interference from SteamVR.
Any questions, please let us know, thank you for your patience as we look into resolution of this problem.
We are also working further to find a permanent fix to not have you using beta branch of SteamVR.
Stay tuned for future upates, thank you!
@NickFSVR @moonagebh