Welcome to the forum.
PrE does support HD material, just not all of it.
With DVCPRO HD on P2 media, I am not sure that you will be able to work directly with the media files from your Panasonic in PrE. This is the list of supported formats: http://help.adobe.com/en_US/premiereelements/using/WSeffff8bffc802084-1665492e133c9c19956- 8000.html#WS300DE01D-F057-4639-96D1-F99EEE163C24
PrPro can Import and edit DVCPRO HD on P2 media. The Panasonic P2, along with its metadata is supported: http://www.adobe.com/products/premiere/extend.html
In googling for some background information on your camera and his footage, I came across the following very comprehensive and informative presentation of the Panasonic HVX-200
Have you seen this?
Please check it out, especially the sections on Editing P2 DVCPRO HD.
No Element does not support DVCproHD (mxf), you need Premiere Pro for that.
Have you worked with the Panasonic HVX-200 and/or MXF files?
There are lots of mxf to mov or other formats converters to be found online. Have you looked at them and have you found any that work to convert the mxf to mov that will be compatible with Premiere Elements?
I work with mxf files.
If one works with a prosumer camera you do not want to convert to something Elements likes.
Convertion means colorinformation loss (422), qualityloss and you dont want that. I certanly would not want that.
You go for (professional) software that will handle it with no convertion.
Goggle brings up many a mxf converter, especially for Mac, so your information is important and helpful.
Thanks for all your help.
I do have worked with Premiere Pro for myself and it worked beautifully. It recognizes the camcorder and imports everything nicely. I had hoped, Elements would work the same way - with a plugin or something like it.
My employer, a small newspaper company, is thinking about installing premiere elements on several computers. Unfortunately we already do have HVX200 as VJ-Camcorders. And since there are quite some computers here, it definitely makes a big difference in costs between buying 50 Premiere Elements or 50 hundred Premiere Pro. So that's why I needed to know, if Elements supports the DVCPRO-HD codec.
I guess, that means: Either buying Premiere Pro or working only in standard definition. Well, too bad.
Thanks everyone! Yours Mike
Since Adobe has gone to the CC (Creative Cloud) "rental" model, you might be surprised at how low a multi-seat CC license is. I would definitely investigate that new pricing model.
Good luck, and sorry that the news was not better.