Okay, the issue you refer to relates to a cascading delete when you have set the relationship to a new instance. You are setting to null so it is not really the same.
I tested your code (i.e. setting Post to null) under Hibernate 4.1.8 and it works as expected with the Post entry being deleted. I tested setting the Post to a new instance for an existing Point and the delete was not triggered which is consistent with the issue you refer to.
I then tested under 4.2.7 and the delete was fired for both cases so the issue you refer to is indeed fixed in 4.2.7.
Update:
I don't see why the Fetch hint would affect a persist operation however I have tried with it in place and the results were as before.