The metadata lists the correct in point and out point for the subclip. However, when opened in the source monitor, the subclip plays for its duration but then has many minutes of black video and blank audio on the end.
I'm currently using Premiere 7.0.0 on a Mac running 10.8.4
I didn't see anything listed in bug fixes for 7.0.1 related to this so I doubt updating will help...
I know this is probably a bug so there's not much I could do other than export the subclips from FCP 7 and reimport them, but I was hoping someone might have a workaround.
Btw I did send in a bug report.
Message was edited by: intercomnut1701
Instead of a bug, it may well be a limitation
of conversion from FCP to Premiere via .XML.
Premiere Pro / Importing XML project files from Final Cut Pro
Importing a Final Cut Pro Project