In some way they are telling that they respect your privacy. Or they have your data (and then do something with it, now or later), or no one will.
They could provide some Google-style takeout to get your data before deletion, but that may not have any meaning or practical use without their devices and software.
Completely agree. Or maybe, just like most products in tech -- they are currently en route to "take out" style data deletion... and it's being released shortly.
They don't respect your privacy, they value your private data. Two very different things.