When I'm in LAlt+C mode in the cockpit and hover over a switch/button with the mouse cursor and it's tooltip is displayed, when I then press LAlt+C again to switch off the mouse look mode, the tooltip will still be displayed all the time until I press LAlt+C again (except when I leave the mouse excactly at the same X/Y position for as long as it would take to display a tooltip I believe - which would be impossible to do with TrackIR I assume).
This was in the Ka-50 if that matters.