I don't know, it looks fine to me. Switzerland isn't a super push-over state and has a reputation for valuing privacy (which is worth
much more money than doing small favors for the US, RU or CN), so I don't expect them to go for "yeah sure that person leaked evidence of war crimes, we'll get right on getting you their IP". At the same time, to do business, you need to comply with the absolute minimum of laws.
If Rackspace just flat out refused to follow court orders, they wouldn't be able to run a data center. A DC that will comply with a court order is better than no DC imho.
Perfect is the enemy of good, and PM is definitely good at doing email with a high degree of privacy. Should you use it from your home dial-up while leaking the definite proof that reptilians are running the show? Probably not, but that doesn't make them unusable. For a lot of other threat models, they're perfectly fine, at least until proven otherwise.
Virtually no one (besides a few trained super spies) will resist and not comply once the first finger nail is coming off. Court orders are just the friendly foreplay, and they'll escalate from there depending on how important it is for them to get them to comply. If you're betting your safety on anyone withstanding that and not giving up their password, you're setting yourself up for disappointment (and pain!).