I just hope you're right about the rearguard action which might now get underway. Apparently the US nomenclatura seems to think that privacy is a privilege only for Americans - and then only in a formal sense. Hit them where it hurts, in their pocket. Best part is that not paying to be bugged is something any of us can do as a tiny pathetic action which might turn out not to be so if there are enough of us.
I doubt it. Google/Apple/Facebook/AWS/AWS customers/Microsoft have more non-US customers than US customers, and while the US population might not care, all of those "foreign entities" that Obama explained are targeted without warrants aren't going to put their high-value confidential data into those services now that this is common knowledge.
These companies had better get their asses in gear and get this whole surveillance architecture shut down, or it's curtains for the US internet industry.
If this isn't visibly and loudly fixed, nobody (the 6.5+bn nobodies that don't get 4th amendment protections) will trust US-based companies with high value data ever again. (It may already be too late, if only because if they shut down this one, their track record of dishonesty and evasion suggests they'd just build another and lie about its existence like they did this time 'round.)
There are already European municipalities banning the use of Google Apps on security grounds, for instance. This is just the beginning.