There is an anthroopic argument as to why we are living in a 3D + time universe.
Time is necessary for process, we exist and evolution of complex beings requires process, therefore time.
In a 1D or 2D spatial universe there is not enough topological freedom for complex organic molecules to operate, the 3D geometry is important for proteins etc. to 'do their stuff'. Hence we cannot exist in a spatial 1D or 2D universe.
Keplerian orbits are unstable in a spatially 4D or higher universe. The Newtonian law of gravity becomes F = GMm/r^3 in a 4D universe for example and the Earth would spiral into or away from the Sun. Hence we cannot exist in a spatial 4D or higher universe.
We exist: therefore our universe has 3 space D + time.
Garth