To be fair this wouldn't be the first bullshit powerpoint presentation I have seen in my life.
But we aren't upset about what PRISM is doing we are upset about what the NSA is doing. So clearing PRISM's name is pointless and could just be a way to mislead without directly lying. Or he may just be lying.
[1] https://twitter.com/ggreenwald/status/343470800784982016