best thing to do with it is to make up an aluminium heat sink and mount it somewhere securely.
i have aslso considered dropping my piper x panel filter and swap for a cheapo ebay filter.. not sure if it would be the wrong thing to do though.. 
If you like sound of engines, its definately the right thing to do, sounds amazing the turbo spooling up so loud.
Cone filters make impressive grunt too.
If you really like the noise, remove sound deading from bonnet too

(btw jealous of your FMIC)