Obviously there are a million ways to build an application like this, both in the java frameworks world and with things like Rails or Django.
A big selling point for me is that both spring and hibernate have become defacto standards in the java world, so they definitely qualify as "things you ought to know" ( I get asked on every job interview). Spring more so than Hibernate.
Getting the value of spring took a few spring-enabled apps before it made sense for me. It enforces independant code modules and a certain style of component design that facilitates testing. I'd suggest you just go with it and get the sense of the value of it from use.
I have mixed feelings about Hibernate, though it's important to use some kind of db layer, so you may as well.
Also see this question.