I think more encryption is a good thing but it is in my understanding that the NSA, for example, stores all encrypted data it comes across. This means that if the encryption would be crackable in let's say 20 years from now, the data would still get compromised. Storage is getting cheaper and cheaper every day and the it does not look like the survaliance infrastructure is going away any time soon.

I am a fan for initiatives like these but keep in mind that crypto does not guarantee privacy.