On page 269 of the PDF it states:
Analyze speech to create text metadata
1. Select a file or clip.
2. At the bottom of the Metadata panel, click Analyze Speech, or Analyze (Adobe Premiere Pro).
3…
Whoa, we can stop right there. I imported a test clip from my GH2, draggged it into the Sequence Panel (what is the proper name for that window?), clicked on it and it turned a dark blue, went to Window > Metadata and…Analyze was greyed out. The clip plays okay, but won't be analyzed.
How do I get Analyze Speech to work?