Yes - this is definitely an issue, especially with text data. One thing I’m curious about: Google Street View apparently adds noise and then blurs. Is this a viable option?
The text example in the article that GP linked[1] looks pretty reversible to me indeed. Not sure it needs a neural network, or at least it could be enhanced a lot with character frequency checking or matching words against a dictionary, but I haven't ever seen text unblurred where I didn't expect it might be possible.
Personally I don't find blurring to be less annoying than a reasonable color. Pitch black stands out a lot, but something close to the background color (but clearly distinct) is unobtrusive while also being clear that something was censored and not just a broken image.
[1] https://hsto.org/storage2/eff/36d/77a/eff36d77a583b46e461c12...