Good synopsis from Brian Fung on the NSA reforms Obama is enacting. The [EFF has given Obama’s reform a score](https://www.eff.org/node/78469) of 3.5 out of a possible 12… so that’s actually probably every thing you need to know.
[Obama’s full text remarks are here](http://motherboard.vice.com/blog/heres-the-full-text-of-president-obamas-nsa-speech) and the policy directive is [here](http://www.scribd.com/doc/200382836/Presidential-Policy-Directive-regarding-Signals-Intelligence-Activities).