Premiere may not be the best tool for the job. WMV and MP4 videos aren't very good source media; they're typically final delivery formats.
The other option is to record from the Osprey in DV format, which is an excellent editing source format.
Thank you for your response. I am a total noob at video, but have the requirement to produce recorded video to our FMS servers.
Here is my situation. We have classrooms and auditoriums hard wired with IP cameras. Our video techs can record to DVR and then finalize to DVD (VOB). We also have a control center that can capture those cameras using Windows Media Encoder to record.
I have been given CS4 to produce these videos. Each time that I transcode, the audio gets out of sync. I am trying to figure out a suitable way to take VOB and WMV files into PP and output to FLV/MP4.
Appreciate any advice...
My own efforts, were this my project, would be to record the camera signal to DV somehow - a DV deck, a cheap DV camera, something. The solutions currently in place just are not very good for editing.