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I'm not sure what you're getting at. You can simply open any Premiere project in AE. This will import all timelines, tracks, keyframes and assets. AE even supports Premiere's time-remapping with the 8.0.2 upgrade... You should not expect miracles, though. If by "edits" you mean polished up effects transitions, than that's a no go. Due to the nature of the beast, AE won't be able to import them intact 'cos it doesn't have a way of applying those effects itself or re-creating them by other means. only hard cuts, dissolves, dip to color and simple linear and radial wipes will come in.
Okay so it's that easy just open a premiere project with AE. Everything i'm doing will be straight cuts no effects. I want to add all coloring treatments effects glows etc in after effects to each individual cut i made in premiere. Im doing a music video which should give you an idea why i need each cut separated on it own layer. Rather than exporting one big file and treating each cut with a adjustment layer above the spot i want to effect i would find it extremely easier to have the cuts be on their own layer so i can just add to that layer. Or is it going put everything on one layer if thats how its down in premiere. Or will i have to separate each cut in premiere onto like 100 layers!!!!
Every cut will be placed on a new layer. If you have 1 video layer in Premiere with 100 cuts, After Effects will import that as 100 layers (with heads and tails trimmed).
My problem when I tried doing this back in Premiere 5 days, all my outpoints were 1 frame longer, royally messing up my comp. (1 frame longer, or shorter, I forget now...). Dunno if this has ever been fixed.
As David said, all cuts will be imported as separate layers. If you are using nested timelines in Premiere, AE will create pre-comps. The issue with the handles being too long or too short seems to be an NTSC-specific issue due to that old 29.97 vs. 30 fps stuff. I myself have not experienced it, but obviously as a European I'm editing in PAL framerates 99% of the time. ;-) Perhaps it's some odd rounding error somewhere.
"Premiere" and "Premiere Pro" share exactly 8 characters of code, and that is part of the name.
"Premiere Pro" was re-written from the ground up.
- Jonas Hummelstrand