There's one thing some of you are forgetting: we saw MKII events in MK9. It is a new timeline, after all. Unless Raiden suddenly starts getting all emotional over old events, I doubt that's from MKII.
The whole "problem" (more like we still don't know what happens and, since the game isn't out yet, we shouldn't) is Raiden changing costumes and their young looks. We still don't know how many times Raiden will decide to change costumes during story, so there's that. It could be that they are the first ones to be ressurected and, in fact, maybe they are the ones who help resurrecting the "chosen ones". This creates a whole new level of confusion as to how they are resurrected and when, though. Will things just happen fast and during one or two chapters we will go through the entire NRW story? Shinnok's fall, Quan Chi's fall, everyone suddenly alive? That would suck, IMO. I felt that the ressurection was caused by something else and that the Bo Rai Cho dialogue was after Shinnok's fall, but if I have to fit the scene with Raiden, LK and KL somewhere, it just doesn't make sense. Unless Raiden keeps changing costumes, then it could be soon after their resurrection.
To be honest, I'm worried about certain story elements. NRW AND the whole blood demon/God/whatever seem like a bit too much for them to handle well in one game. I feel that NRW's part will be rushed and will mostly be just an excuse to follow MK9's cliffhanger and the ressurection of the dead characters.