So by omission I guess concensus agrees that the reed valve will cure the problem? (Oh please....)
Sorry, but no

the new valve will not solve the problem. We all deal with it, regardless of valve type. On my bike (with older style airbox) the oil doesn't make it as far as the carbs, but rather drips down the sides of my tranny.
The best solution I have heard of is to put a bit of material inside the breather housing to give the oil something to condense on, then it will drip back down into the engine. I've heard a metal pot scouring pad suggested, or any metal mesh will do (although I'd stay away from something as thin as steel wool, I'd think the thin bits of steel might break down with the heat and end up in the intake tract.)
You may have to go to the new style valve for this to work, however, since I think that the older valve might be impeded in it's operation by anything in it's housing space.
I like the tube to atmosphere suggestion, too, but my bike smells like oil enough already - that would make it a lot worse, I think.