I don't think F2P is any closer, they also own the company that makes Torchlight, and by all accounts, that company didn't change their business model after our new overlords bought them. If STO was going to go F2P it will still do so on Cryptic's terms and schedule.
What I did like to see though, is that Perfect World are interested in the Cryptic Engine, that could mean more investment into that for more features and such. I just hope the games using the engine are still safe.
For this, I am going to take a "wait and see" approach. However, with this coming out only a week after Atari announcing their intent to sell, its obvious this deal has been in the works for some time, especially for what Perfect World have bought them for, nearly $50 Million.
I am cautiously optimistic about this, hopefully this means a press release from Cryptic sometime this week over it all. Least the new overlords are in a more finanically stable situation.
As for the no time travel, if STO had to go over to a Chinese market, it is likely they would do a seperate server, like they have done with WOW's expansion. I think their first expansion only came out there a few months ago, yet didn't affect the release we all get.