In the follow-up paper, Sahai and Waters turn the weak indistinguishability obfuscation (which, by itself, is not strong enough for the white-box setting) and one-way functions into public-key encryption. This is what white-box (symmetric) encryption does, so presumably it's doable.

It's worth reiterating that this is very much not practical by any standard, and doesn't look anything like the usual software obfuscation used today, even white-box. This thing requires at the very least that multilinear maps and fully homomorphic encryption are anywhere near practical, which is not the case today (and may end up being like quantum computing, always 10 years away).