I don't know what icon you're referring to... there is only one, that looks like a grid, I've manipulated the options it offers but it doesn't seem to make a difference in my issue. The only way I know how to hide notes is the "Notes" pull down menu, where there is a "show notes" toggle... it is toggled to show.
I get to the PRV by right clicking on the track I'm trying to work with, and it is labeled correctly at the bottom of the PRV.