No...says nothing of the sort. Cookies/Web beacons....but no hard drive scanning nor emails/conversations, etc.
I do agree with you, Doc, that the privacy statement is ambiguous at best, and that people can read more into it than is there.... or a lot less than is there. It was crafted that way, to be vague, confusing and shadowy.
As for not scanning emails or conversations? How do you think they target users with specific ads... based on [users own] key words? Google and Yahoo have been doing it for yonks, and it has been a great source of income for them, so why would Microsoft, as a business for profit, not want to do it?
Also, and here's the $64,000 question, if Microsoft does NOT scan hard drives, how can if find 'non-preferred' software and uninstall it? Being this is what the OP is about, it is a pertinent and important question. For Microsoft to know non-preferred program are on a particular machine, it would seem, it must be scanning hard drives in order to see them. Surely?
Sadly, the Windows of old is gone, and with Microsoft's business model changing to rival that of Apple's and Google's, there is little or nothing to like or trust about it anymore. This Windows as a 'service' thing is a bad, bad thing and will sting users more and more as it evolves. It's not about users and/or their needs anymore, but about profit and what's best for Microsoft. Users, <read former Microsoft Customers> have become commodities for it to manipulate and use to further its grip on the software market.
Worse still, Microsoft knows it has a captive market. People like and trust Apple even less... not to mention its prohibitive pricing. And then there's Linux, which most will agree is not quite ready for mainstream just yet.... though it is catching up fast. So, with this captive market, Microsoft knows that Windows 10 will surpass the 200 million devices thus far and pretty much make Apple computers irrelevant... exept to a handful of fanbois. This is not a good thing! whether you like Apple or not, it is necessary, not only as an innovator but as an option.
There needs to be viable alternatives to Windows 10, because if there's not we're all fucked.