While I was at a friends this weekend, we rented "A Sound of THunder", which made some real productive points as to how a time machine might work. Also with the theories that if you went back in time, if you made ANY change to ANYTHING, that it would cause a time wave, turning everything into a different evolution.
A Sound of Thunder, about what could happen to the future of humanity if even the most subtle changes are made to its history, even the smallest change.
http://en.wikipedia.org/wiki/A_Sound_of_Thunder
IT basically tells of a time paradox, where everything happened in the past for a reason, if you change ANY thing, stepping on a plant, stepping on a bug, or killing a human, you would set off a chain reaction through time that would rearrange the Earth. Depending on how far back something happened, would be the amount of change. Whether the change was plant, animal, human, weather, or technological evolution. The change would occur in time waves, happening in a sequence based one what was changed, i.e., a butterfly is stepped on, can't pollenate a plant, plants pop up in office buildings through floors in our time, then animals that eat the flowers evolve, then humans, and so forth.
My thought is that time travel would be HIGHLY dangerous, and could become catastrophic to our evolutionary path. THere are certain things that humankind should not tamper with, ant time travel is one of them.