This is my setup that I am testing:

Premiere Pro CS3
CineForm Prospect 2k

Capture is from Canon HV20 via Blackmagic Intensity to Film Scan 2 quality settings.

When I add the footage to the timeline and add effects none of the effects will display during preview. I get the raw footage with the "X". The only exception is when I use some of the CineForm effects.

Is this a setting problem in Premiere or is this just not possible with Premiere Pro and CineForm combination?

In Sony Vegas 7 I have been doing the exact same thing and I am able to add see all effects using CineForm encoded files.

To get extra performance Prospect requires filters that are optimized for smooht real-time playback. However, you have view any filter in as fast as you can mode, with CRTL+SPACE BAR.

Is that command a Cineform feature or a standard Adobe one? Can you clarify exactly what CTRL+Spacebar will do? I am unfamiliar with that option. If it will mimic Desktop mode's frame dropping best attempt at rendering effects on playback that would be great.

Carl, are you using a CineForm preset within Premiere Pro? It sounds like you're either not using a CineForm preset, in which case no filters will be RT, or you're using a CineForm preset, but not the CineForm RT filters.

You need to use a CineForm preset and the CineForm RT filters and transitions.

BTW, we usually recommend Filmscan 1. Internally we call FS2 "Overkill" as for most post workflows you can't tell the difference between FS1, and the files will be slightly smaller with FS1.

Is that command a Cineform feature or a standard Adobe one? Can you clarify exactly what CTRL+Spacebar will do? I am unfamiliar with that option. If it will mimic Desktop mode's frame dropping best attempt at rendering effects on playback that would be great.

Yes it mimics desktop mode. Comes in handly, without have to switch edit modes.

I can definitely imagine some significant benefits from THAT feature. Would have saved me a ton of render time on my stereoscopic project 2 years ago, since every clip had an unsupported effect. I used Desktop and HDV modes on that a lot, until the very end, losing performance since I had Cineform source files.