Just got an email update from AirWatch saying this is fixed in the newest agent. Haven't had a chance to test yet, but hopefully that fixes the issue.
I have had a ticket in with workspace one support for a month now, and they keep having me do all sorts of different tests and logging, and still no answer.
What I have found is if I manually create the exchange connect its fine. It only stops working when I use an exchange profile pushed out by workspace one.