Except that the former is plainly false, and the latter is pretty much indisputable provided you aren't walking up to the phrase with a preconceived notion that it's codespeak for something more sinister.
I should add that I very much agree with what you said about Google being in a position to make a much stronger stand for privacy rights in this country. I equally think that this is a pointless little shitstorm that detracts from the larger issue by making privacy advocacy look like petty language lawyering.
If you have something that you don't want anyone to know, maybe you shouldn't be doing it in the first place.
I'm not convinced, however, that there's a reassuring amount of daylight between these two statements.