yeah it's super annoying, another thing I found is that the right analog stick only fires in like 8 directions around my character when I try to use my grappling hook (web slinger) it's really difficult to effectively use the hook when it will not go where my cursor says it will.I had no idea that this was even implemented! Unless there's something in options I can't imagine that there's a way to hide it.
I'll have a fiddle later and see if I can find anything.