Unsurprising but still a wake-up call. It's bound to trigger innovation in more secure systems, which surely is a good thing.
I suspect that further revelations will show how corporate espionage on this scale is being used to manipulate the markets. In the end, this only damages business trust, and economic repercussions are guaranteed.
To suggest that these programs are only targeted at catching 'terrorists 'is truly laughable. NSA operatives have been caught spying on ex-lovers and family members - to the extent that there is an official term for such behaviour -
LOVEINT. Hundreds of thousands of people have ghost access to these tools. There seems to be no oversight whatsoever.
It would appear that the Legislators are either technically ignorant, or willfully tramping on our Human Rights.