I had a lot of flights where the rippling just ruined shots. As a previous poster pointed out, it's the shadowing created by the blades that causes the artifact. If you have some ruined footage you can actually see that the width of the lines decreases as the blades move faster...interesting and infuriating.
I looked to buy lens hoods, but pretty much the only things out there are heavy 3-d printed variety. I found the tape/flag method here or on another forum and went with that. However, I had a lot of issues with the hood dropping into the shot with the prop-wash. Over the months, we refined the little flag and got a bunch lasercut. Well...we have a lot, so we're selling them for $5 bucks:
http://www.apolloairobotic.com/products/lenshood/
These little guys slip nicely in between the Zenmuse mount and the GoPro. They've been working great, no more shadows! They're so light that it doesn't throw the gimbal off. This isn't really our business, but I figured since we have a bunch of them laying around, we'd try to recoup some laser cutting costs. Check 'em out.