Perhaps I was a little too distracted during the first episode or I missed something obvious...but was Barney's wedding a flash-forward that they may follow up with later and Punchy's wedding was the 'current' time? The second episode didn't seem to follow the first one unless that was the case.
Yes, Punchy's wedding is current time and Barney's wedding takes place at a later date. I'd call it a flashforward, but the whole show is a flashback.
And as for Victoria, here's a fun fact... She would have been written in as the mother back in season 1 had the show been cancelled.