I edited a piece this weekend with Premiere. The results are here. It turned out pretty well. I ended up importing the footage from my Kodak DX3600, exporting it to Jpeg-B, then exporting it to AVI. Then I could import the AVI's to Premiere.

I've heard rumors of a Quicktime Pro batch converter that's Perl based. I don't know if this is true or not. If it's true, I could do batch conversion of my clips very easily.

Using Video Compression with Premiere - Support Knowledgebase:

"H.261 and H.263 These compressors were designed for video conferencing. They aren't suitable for movies because their high compression ratios produce poor image quality.

Motion JPEG A and Motion JPEG B These codecs are versions of JPEG implemented by many video capture cards, and are useful as transcoders (for example, for transferring video capture files to other computers equipped with capture cards, particularly across platforms). Some capture cards include chips that accelerate Motion JPEG so that you can edit more quickly. See the documentation for your capture card to determine its support for these codecs."

Boo. The Kodak DC3600 uses H.263, which Adobe Premier doesn't support. I need to find a converter. There's got to be something.

Chris McAvoy: Video Editing