If there were ever a reason not to like cosmology, it's statements like that.
Edit: the human perception of time is an interesting subject. Physics (GR) holds that there is a 4D space-time. What we experience as separate constructs is really just too sides of the same coin. Although thermodynamics seems to define a "direction" to time, there's no real reason why you couldn't move in both time directions. For example, the production of an anti-particle in a particle accelerator (e.g a positron) is really just a particle (electron) travelling back in time to the production point. You can get around cause and effect issues if you assume the universe is in fact a 4D static environment, where time travel (forward or backward) has been predetermined by the static layout created during the big bang. This does of course have implications for free will... However, the multi-verse interpretation of QM gets you out of this.
Basically, I think most physicists would say these two scenarios are the same thing, just expressed (or observed) in two different ways.
Edit: actually this highlights an important distinction between the quantum and macro-worlds. Things can only happen in one direction in the macro-world thanks to entropy (everything -> disorder). Whereas in the quantum world there's no such restriction, and things can happen in either direction.
My brains segfaults imagining that there was a time where time didn't exist...
So if space didn't exist (in any meaningful way that we would understand today) before the big bang, time couldn't exist either.
http://feeds.tvo.org/~r/tvobigideasVideo/~5/QOpqIcl2UDk/BI_F...
It's long, but it won't merit a tl;dw unless you have no curiousity, imagination, sense of humour or innate geekiness.