i can remember just how much hassle i had trying to use premiere when first doing revisited. It hated the HUFFYuv codec and i can't understand why adobe haven't fixed all those bugs even though there have been 2 new versions since. the only lossless codec i could get it to work somewhat with was lagaryth, but that gave some weird compression problems on some frames, so i dumped premiere and switched back to vegas. haven't looked back since.

if i were you i would just forget premier and start again with vegas as you have said . it will be a lot less hassle for you.

i'm very curious what the storybook edition will be.