Since this isn't a rules question, I've moved it to the "Champions" board.
Yes, what you're referring to would mean that in the official continuity, there aren't any true superpowered individuals prior to 1938. There could still be costumed heroes, but they'd have to rely on skills, gadgetry/science, and limited abilities rather than outright superpowers. For example, you could have (as the CU timeline references) someone like Hawley Griffin (the Invisible Man, whose powers result from science and are somewhat limited and problematic for him) or Sherlock Holmes (whose "powers" are all highly-developed skills), but not the Invisible Girl.
Steve Long
Young Curmudgeon
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