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Temporary workaround until Dropbox provides update:Menu > Settings > Startup > Application Autostart. Remove existing Dropbox entry, create a new one:DropboxDropboxbash -c 'export DBUS_SESSION_BUS_ADDRESS="" && dropbox start -i'Logout/in.
libappindicator1 is not required.
Since the weekend, I've seen this now on a couple of computers. What used to be the dropbox indicator is now a red circle with a diagonal line through it. I can still see the Thunar right click options, but the dropbox panel indicator is just a black background, and in the foreground there is a red circle with a red diagonal line through it. And it is inactive. It's basically a dead panel indicator.