But a cycling of a previous universe.
I was a little unclear on the ending, where he says this theory would place our entire universe "inside" a black hole of a parent universe.
All in all, it does seem to tie up some loose ends, and suggest some order to what previously required speculation.
Based on the information we have available about our universe, we can't make predictions or formally model anything prior to a certain point in time, consequently it's convenient to treat this moment as the earliest point in time in which physics as we know it makes any sense. So while there may have been some kind of existence prior to the Big Bang, we have no way to make sense of it even at a conceptual level. Given that, we may as well treat this special point in time as the beginning of the universe as we understand it and can explain it using physics, as opposed to some absolute beginning of all of existence.