Maybe I didn't state my point properly, the monitoring is a side benefit of the balloon. A satellite hovering several hundred miles in space is not as intimidating as something hanging over your head at 60,000 feet and you not knowing what it's going to do. Now I know the folks here understand a lot of this (we fly rockets don't we) but there are lots of people out there right now that don't feel very good about this. And China is watching this play out so they can understand how we will respond when the real shooting starts. In so many words it's a big lab experiment. None of this has anything to do with the NSA, Snowden, or anything else. It's Psychological Warfare.
It could very well make it all the way to the Atlantic ocean right now it's already gone several thousand miles unless it was launched from Siberia or submarine. Current jet stream forecast shows a dip down toward Texas then back up along the east coast and out to sea over Newfoundland.
The next several days should prove to be a very interesting study in the American psyche.