Well it conflicts with what we've heard from multiple sources.
I thought I recalled Obama saying that all meta data was stored. Regardless...
How did they detect when a US citizen was using a phone abroad, or a terrorist using a landline phone in the USA? Identities are not tied to phones.
Furthermore, how secure is the system they used? Can adversaries tap in to the NSA database? Is the filtering "hard wired" or is it something that is programmable and how susceptible is it to bugs, viruses, or hacking? How trustworthy are the people that control this data? Is it possible that anyone that works at the NSA is not trustworthy and might defect? Such as Edward Snowden?
These are important questions. Even with 'filtering' there is a lot of questions to be asked. And I doubt all them have great answers. The point is, there is a system in place to problematically spy on any phone conversation at any time among other things. Even if they use it "for good," that should be very concerning for anyone that knows that programming secure systems is mostly an effort in futility. Especially for the government who can't even code up a CRUD healthcare website without issue - and that the system is completely closed source not allowing others to review it.
Which brings us to another issue - why was this secret? Isn't this the kind of thing that should be approved by USA citizens? And publically verified for safety and security? This alone is so concerning.
I'm happy you think "filtering" makes all of these questions a non-issue though.