The answer is, simply put, no; not in any regards at all. First of all, the creation of a TOE that works does not even mean that it is right. It is possible that any formula created may function out of mere coincidence instead of out of a profound truth. Discounting this fact for a moment, the creation of a formula in no way imparts understanding. Man has discovered and expressed the speed of light (in vacuum) as being 3 * 10^8 m/s. However, this in no way means that everyone understands this and, in fact, it is improbable that anyone can even begin to imagine this speed. Thus, how can we hope to derive understanding out of a formula that would be almost infinitely more complicated then a mere number? The answer is, of course, that most of us, if not all, could not begin to understand such a formula much less its implications or meanings.
Why, however, can we not hope to understand such things? Are we not sane, rational beings? Well, to put it simply, human beings seem far to simple to actually understand the universe in all of its entirety, even if it is reduced to a formula. It has been theorized that there are hundreds of billions of galaxies each containing an equal number of solar systems. Despite this, most stars' closest neighbour is more than 10 light years away. How could a human mind, being comprised of such a tiny amount of brain cells, hope to understand something so big? The fact is that there is such a limited capacity in the human mind that such understanding almost unequivocally escapes us.
This is, of course, all assuming that a TOE would represent an understanding of the universe. Perhaps, however, the universe is not a static place and such a theory would not express the sum of its parts. Perhaps, also, there is more to the universe than mere formulas and understanding of the motion of quarks passing through a planet. Perhaps it is not even a question of a theory but a question of science being too focussed in and of itself.
