Andrew,
You have drawn entirely the correct conclusion. The stated opinion was that person-to-person transmission was unlikely.
The second stated opinion was that purification of water was recommended, which would imply that water borne giardia is likely enough to justify a mitigative measure (according to the CDC’s view of the world).
Given the material that I have read about actual tests of water in the east and in the Sierras, the observation is that giardia is present EVERYWHERE, but not in sufficient concentration to reasonable conclude that a person could contract it. I have not seen any credible testing that suggests that there is sufficient concentration of viable giardia cysts in actual bodies of water tested to cause a human to contract giardia.
Again, if anyone has seen any literature that shows a prevalence of actual test that yield at least 10 viable giardia cysts (the minimum number required to cause giardiasis) in perhaps 10 litres of water (a plausible level of consumption), I’d love to see it.
If people like the CDC are recommending a “precautionary” stance, then come right out and declare that it’s precautionary and not scientific. I’m quite comfortable with the notion of a precautionary approach, but all the precautions that I take will be considered in the broad context of the risks that I face when I hike (ie, wildlife encounters, hypothermia, lightning, hitchhiking, human encounters, other injuries). The mitigative measures that I elect to take will be driven by the best credible information that I can amass and will be prioritized on a risk basis.
Best regards.
Loup