I don't know if I'd recommend trying to cut video from a $10,000 camcorder on a $85 program.
the cam is capable of producing video in a number of formats, but none are directly compatible with Premiere Elements.
I'd recommend you upgrade to Premiere Pro CS4 for working with this type of footage.
To edit in PE4 you will need to convert your files to HDV MPEG2 if you wish to maintain the high definition. Otherwise convert to DV-AVI to work in standard definition... of course be converting to standard definition the quality will appear disappointing compared to the original high definition format.
I would post your question, re-phrased a bit, into the Adobe PrPro CS4 forum.
For the re-phrasing, I'd omit all mention of PElements. State the camera make and model (as you have done) with any more specific details. State the format (as you have done) and any specifics on the medium used to capture, i.e. P3 cards, etc.. Ask about the proper workflow in PrPro CS4 and sit back, as solutions will come in. Whether you will be able to adapt any/all of these to PE4 will have to be determined later. The workflow is what you want. Also, state your intended delivery scheme, i.e. full-HD BD, downsampled SD DVD-Video, etc. The more detail, the better. A lot of folk there work with full-range pro cameras, and might well have direct experience with your Sony.
Good luck, and just do not mention PE, or you'll be directed to post in this forum - something that you have already done. Remember, it's just the ultimate workflow that you're looking for.
Thank you, meanwhile I found out that the mp4-files contained in the
BPAV-folders can be read directly, without conversion by Premiere
Elements (I started a 720p project for it). There is strange enough one
file (mp4) that refuses to open in PE. It is not broken, and I tried a
copy as well. Both open with the Sony Clip browser, but do not appear in
PE4. I suppose it has to do with size: it is 3.3 gig.
Well I can read the MP4 files the camera produces, directly without conversion.
We'll upgrade when money is available, but for the time being I will jave to try with PE.
Thanks, will do!
Good luck, and please update this thread with what you find out, as others will likely benefit from your research later on.