People always treat it as hyperbole but I really think that the point of this is being missed. I don't like when anyone spies on people and think we need much much better data privacy laws for the modern generation.
That said, there's a large difference between the US/Europe spying on each other, and a country like China, who (along with the US and Europe) has plans to go to war should they deem it necessary.
I will not be shocked if this generation is remembered as the biggest security leak in history.