Yes Scotty,
One must differentiate between the "classic" bearing current problems and the new ones. The classic mechanism was/is that magnetic asymetries produced a net flux change that induced a voltage in the shaft. Problems of this kind seldom occurred in small and low speed machines, but were more or less the rule in large turbo generators running at 3000 and 3600 RPM. The induced voltage was always low frequency - very often only fundamental - and simple insulation schemes worked well. The voltage could be measured with an ordinary moving iron voltmeter (moving coil with rectifier has a threshold at around 0,5 V which makes it less suitable) and the recommended shaft voltage was <1 V.
The new bearing current problems are caused by the HF components in the PWM voltage and since there are four main failure mechanisms, there is not one remedy - but several, that work in different ways. (This will be rather lengthy, I'm afraid):
1 Induced shaft voltage. Shaft ends move electrically in opposite directions due to asymetric currents in the stator winding. The rotor voltage is "buffered" by the rotor/stator capacitance so that one insulated bearing has no effect on the voltage at the other end. Damages will still occur in the non-insulated bearing. The reason is that we do not have a circulating current in this case. This kind of bearing current is common in machines with shaft heights >270 mm. Sometimes even smaller.
2 Capacitively coupled voltage. The whole rotor moves "common mode". I.e. both shaft ends move electrically in the same direction. Discharge happens at about 10 V and produces EDM. This kind of damage is often seen in small machines and the reason is that the ratio between capacitance from stator winding to rotor and rotor to stator frame is larger in small machines than in large machines, so the voltage division ratio can be as high as 5% in real small motors while is is a fraction of a percent in bigger ones.
3 Frame voltage. This is when there is a long motor cable and the motor is not tightly connected to the driven machinery. A paper machine drive on a concrete base and a well grounded paper machine frame is a typical case. The HF currents that are coupled from stator winding to stator frame try to find a path to ground and since the motor cable ground lead presents a rather high inductivity (if not co-axial) there will be a resultant frame voltage. The currents find other routes to ground - often through bearing and motor shaft to the grounded machine frame.
4 "Non-electric" cases. Usually when the motor shaft is charged by a rubber conveyor band, oil in a pump and several other charging mechanisms. Even a fast moving fan blade can accumulate enough charge for damages to occur.
Mitigation techniques include shaft grounding, insulated bearings, hybrid (ceramic balls) bearings, common mode (ferrite rings) filters, shaft grounding through coupling and load (centrifugal pumps can sometimes function as shaft grounding devices). Isolated shafts or couplings are effective in some cases (3 above), but detrimental in other cases. An inverter with a sine-wave output is a good solution and sine filters also do a good job.
I have been working with this class of problems in steel works, paper mills and power generation plants for several years and I can very well understand the confusion that exists when one tries to apply "One size fits all" solution to these problems. They have to be carefully analysed before an antidote is applied.