The Wash Times had two paragraphs that summarized their finding. The first one in the article is the "overstated" proposition - but I think it's technically correct because it refers to a power of the President to issue an EO.
The second paragraph in the Times article says,
The five judges testifying before the committee said they could not speak specifically to the NSA listening program without being briefed on it, but that a Foreign Intelligence Surveillance Act does not override the president's constitutional authority to spy on suspected international agents under executive order.
I think this is exactly correct.
More transcript snips at http://www.freerepublic.com/focus/f-news/1605480/posts?page=96#96
Good. Thanks.