I'd call the movie out for cheating by literally rewriting canon using time travel, thereby giving them free reign to do whatever they want in the new series without technically negating the old one... but Kirk called it out himself during the course of the movie. Meta. And no, I'm not a Star Trek fan, so I don't actually know the canon.
The movie does have the same issue as almost any great origin story - it ends at the beginning, which makes it all feel like a tease for the sequel, where it all "really" begins. Can't fault it for leaving me wanting more, I guess.