I use a home-made protector, made from a fleece blanket, with a pocket for some foam pipe lagging in the centre of the window, which maintains a nice-sized bend radius when folded. It also extends over the roof, to prevent the stitching from being abraided by the fabric, and producing shiney areas.
I also use it as a pillow when camping!
I have seen a BMW hood protector which was made of thick felt, and supplied for the US market - fine for California, where the roof is permanantly folded, but impractical elsewhere, as it must have almost filled the boot once the hood was raised.