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The CJEU clearly upheld its string of serious data protection cases against gov access to personal data, starting with Digital Rights Ireland, then Schrems I, then Tele2Sverige, EU-Canada PNR Opinion. If you knew those decisions, the outcome of the PS assessment is no surprise.
The surprise was that the Court decided to go full strength on in this particular case, after the AG has given it a way out to postpone the assessment of the PS and focus on SCCs. Clearly, the Court saw an inextricable link between the two. The other option would have been...
to show the weaknesses of the Privacy Shield and give the Commission and the US government time to act/react, while sharpening Commission's attention to the rest of the world too, with Chinese-based apps taking more and more of the European market very recently.
All in all, data protection is a serious matter. The Court is in no mood to draw circles around it. And I'm thinking of the expression that Gloria @FusterGloria captured beautifully from a flying tweet from COM that DP is an 'absolutely fundamental right of the EU'.
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