How does everyone feel about using the ground in this situation? I know, I know. But it's such a small amount of current. To me, it's no worse than the conventional illuminated switches that "leak" current into the load when the switch is off.
Depending on how big the box is where the fixture is mounted, and how much room there is, an alternative might be: Install the switch, sans faceplate, in the fixture box, and connect the fixture to it. Rewire the switch loop with its black connected to hot, and its white connected to the switch's auxiliary input (put some red tape or something on the white to indicate that it isn't a neutral). Then mount an auxiliary switch in the switch box. The auxiliary switch doesn't need a neutral. The only disadvantage to this is that there is no LED indicating the load state.
If you don't like the idea of mounting the switch in the fixture box where it will be covered up, a third alternative is to install a load module like a PCS FMD-2-4 in the fixture box. This is basically the guts of a UPB switch, without the human interface part. Re-wire the switch loop with its black connected to hot and its white connected to neutral. Then install a switch there, with no connection to its load terminals. Its purpose is to generate UPB commands. You will then have to do one of two things: (1) establish a UPB link to communicate between the switch and the load module, or (2) use your automation system and write a rule that sends commands to the load module when it sees commands coming from the switch.