As per TID 7017303, Compatibility List View mode in IE is not supported. However, in Identity Manager 4.7 the necessary meta tags have been added to override this mode. That is, the tag is present on the NetIQ screens - but not for the user defined forms (PRDs). When opening a form, users get the following error:
"Unrecoverable error during asynchronous call (The value of the property '$' is null or undefined, not a Function object)." error when opening PRDs."

To fix this is actually very easy - you just add the meta tag below to the file wFormLayout.jsp file found in Tomcat\webapps\IDMProv\jsps:
<meta http-equiv="X-UA-Compatible" content="IE=edge">

What I would like is for this to be included in the product, so that we don't have to re-introduce it whenever IDMProv.war is redeployed.

- In case anyone is curious, I tried the same solution in 4.6.2 and it only works 99%. You get an error message when clicking the object selector, which some users can recover from and still be able to select an object while others can not