Hvae you set your programme monitor to display both fields at full resolution.
Once it is rendered he images appear as they do in the program monitor. To answer your question no but if I render it as a wmv file it then appear in windows media player the same as it does in the Program Monitor. While the original file look great in Windows Media Player.
I left out the most important point. Premiere Pro renders the output just like it appears in the Program Moniter not as as the oririnal file looks in Windows Media Player.
Clearly a major loss of quality as the project is currently configured
Your media is interlaced. PP is showing you both fields when paused, that's why it looks like that. This is normal.
For disk export, keep it interlaced. For web or computer playback, change the export settings to Progressive (No Fields).