Yes and no. It’s serious parody. All thing seem rational for the NSA to consider.
Discussion
A good wake up call for sure, though I believe it's possible to be too "awake" and become paralyzed as a result.
“We the Cypherpunks seek your questions and your concerns and hope we may engage you so that we do not deceive ourselves. We will not, however, be moved out of our course because some may disagree with our goals.”