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So you lose audio sync on video clips of 10 minutes or longer when captured with PE4... is this correct? Also note that PE4 is not capable of splitting HDV video content by timecode, ie when you stop and start the camcorder. Try to use the free HDVSplit http://strony.aster.pl/paviko/hdvsplit.htm to capture your video to determine if it is a PE4 issue or some other issue. The other advantage is the HDVSplit splits the content on timecode. Infact many folks prefer to use HDVSpilt for capturing HDV over the Premiere Elements capturing utility.
After 10 -15 minutes a begining of editing...
If it occurs during editing it could be that the timeline needs rendering. Try hitting the Enter key on your keyboard to render the clip.