Other than explaining where the avatar spirit came from, it didn't explain much else in my opinion. It sorta retconned how bending came to be in humans and expanded on the spirit turtle a bit, but I don't think we knew more answers to questions aside from those. It raises some weird questions of its own, like why is lava bending rare, why is platinum immune to metal bending, how could tarlok and amon bloodbend in the opposite lunar cycle to what was established, why is the world westernizing when there is no west to adapt to?