No it doesnt, the original timeline goes on as normal, this one is ALTERNATE. Do you understand that word? Go check your DVD shelf, Im sure all your old trek is still there.A new timeline means the original timeline was ERASED
I disagree- think of the STTNG epsisode 'Yesterday's Enterprise'- When the enterprise C went back into the rift, it ERASED the reality where the Klingons conquered the Federation. Likewise, whatever happened in the new star Trek film changed history and ERASED all the events of TOS, and of the events of the following series-
That's just one episode. There are many other episodes that show there are mirror/alternate universes and even say there are many of them. Remember the episode where Worf gets put into a million of them over the course of a day? The future that happened with Yesterday's Enterprise probably still could have happened anyway.