OK, just installed a trial of CS5 (waiting for adobe to send me my free upgrade to CS5).

In the new sequence presets, there no options for HDV, as seen in this screengrab: TechSmith | Screencast.com, online video sharing, 2010-05-02_1907 (http://screencast.com/t/NDllYTBkMjct)

I can't even select it manually: TechSmith | Screencast.com, online video sharing, 2010-05-02_1911 (http://screencast.com/t/NjcwYmViY)

And when I try to add a previously captured HDV .M2t to an NTSC timeline, Premiere doesn't recogize it as video (audio only), and I can't add t tot he video portion of the timeline: TechSmith | Screencast.com, online video sharing, 2010-05-02_1913 (http://screencast.com/t/OWFiYjdmZGYt)

Any idea what's going on here?

Ah, I think this explains it. Very nice: Adobe Forums: Pr CS5 Trial Limitations (No MPG, AVCHD) (http://forums.adobe.com/thread/629051?tstart=0)

Yes due to licencing mpeg/h264 arent included.

See http://www.dvinfo.net/forum/adobe-creative-suite/477838-cs5-release-date.html for more CS5 thoughts.

It's been that way in CS3 and CS4.

Yeah it was kind of a heart breaker, I wish Adobe would just ship my copy of CS5 or email me my key so I can start work again on my HD video projects.

How does it work the upgrade? I have the old premiere 6.5 ... i saw that i have a nice discount for having it. I wiil need my premiere 6.5 serial number?

Yeah it was kind of a heart breaker, I wish Adobe would just ship my copy of CS5 or email me my key so I can start work again on my HD video projects.

Yes, it seems like a massive waste of time and money for all involved. Why can't they just email us a serial number? Instead, we have to wait 7 to 10 days for them to ship us a box.