Iron Man 2 Timeline on MCU - that is Marvel Cinematical Universe!

To geeks this is a big thing, to others its just a big D'oh. So if you're wandering over to the geekside and you want this very important question answered: When does the event of Iron Man 2 fit in, is it before or after the Incredible Hulk movie?  Answer's up ahead from IM2 director Jon Favreau
from twitter:
when asked "Does Iron Man 2 takes place before or after Hulk movie?"

Jon Favreau: "Before."

Thank you, sir!