James Comey is an asshole and Apple's new encryption is security theatre. Encrypting local data with a four-digit PIN and using unencrypted cloud storage does nothing to hinder criminal investigations.
In my super-paranoid mind, this is an indication the privacy war is lost. FBI officials know they're getting significant press over this, so it seems to me like an intentional media circus trying to show the public that Google and Apple are pioneers in security, and that the public can trust them to guard their data. I think they're intentionally trying to make themselves look weak and unable to control this.
Black helicopter going overhead confirms.
I am not so sure about this. You are implying that the FBI is able to "crack" the security of the iPhone while claiming they are unable to do so. I would disagree and would say that they are trying to create fear in the public that the encryption systems would make it impossible to stop terrorists and other criminals the public does not like.
One thing to note that if you are only using a 4 digit PIN on your phone then you would not be safe as LE is able to clone your phone and would only need to attempt 10,000 PINs before figuring out the correct PIN (for those of you who have mined in the past know that this is a very small number of PINs to try)
