This is the New 52 so yeah it's not going to make much sense due to all the time jumping around in the timeline. It did say at the start of the issue that the start of the issue at least takes place "one year ago".
Again I wouldn't call the issue "awesome awesome" but it's off to a good start, and better than I expected, and Daniel's art was simply gorgeous.
I enjoyed this single issue of Action Comics more than all the ones that preceded it. I know Morrison is a God to some but I am very happy his stint is over.