With regards to time travel, that's the prevalent theory on what would happen if anyone ever time travelled: That by doing so, your actions would spawn the existence of a new parallel universe. Of course the existence of these parallel streams is kind of moot, given no one in Startrek has built a normally working "Einstein-Rosen-Podolsky bridge" (ala sliders), so travel between the streams is impossible, outside of the abilities of beings like the Q or Wormhole aliens The Startrek online game takes that basic premise, since the universe continues unabated, other than the disappearance of Spock and Narada, and of course Romulus: Spock ends the effects of the Supernova using the red matter, and disappears into the wormhole. Since from the relative perspective of the 'prime' universe, travelling into the past caused such a parallel universe, which Spock and the Nerada now exist in, no one would be able to travel back in to the past to recover him.
and Spock's knowledge wouldn't be entirely useless, since almost all the elements still exist, just the outcomes would be different now, obviously.