I posted a little while ago that Premiere Pro CS4 doesn't read/import native Sony XDCAM EX PMW-350 files properly - no audio is imported.
I was hoping CS5 would change this but after some testing, it's (almost) as bad - audio is imported this time but only 2 of the 4 channels. Audio playback is very weird - a very high pitch playback just like the footage has been significantly sped up. Maybe there's a problem setting the sample rate etc on conforming.
If I convert the files to MXF, they seem to play and edit OK - so far.
Anyone else got a PMW-350?
Paul.