Yes, the Kraft Paper Vapor Barrier is at the top, against the subfloor. I wound up flexing the paper around so the wings hung down the sides, and stapled the wings to the floor joists.
Then the insulation droops below that (it holds in place for a month or two), then below that the plastic sheeting (Tyveck would be best, but I used clear, with a few holes poked here and there).