I have the master collection and when the latest set of patches is applied PPRo no longer recognizes HDV (DV is the only choice). AFter effects also stops supporting m2t files, but the fix for it is to uninstall the 3rd party components and let AE reinstall them upon launching. Unfortunately that does not work for PPRO...anybody have any ideas how to fix this?
Ok, I figured it out. There is also another entry for Premiere Pro 3rd party add-ins that you have to uninstall in the control panel. After that PPRo still won't recognize HDV, but all you have to do is choose register from the Help menu and wala it is activated again.
This solution has been offered before, but unfortunately, that only comes up if your installation of CS4 is faulty to begin with. If your installation is OK, your won't find that option in the Control Panel. If you only have this option because the installation is faulty, my preference would be to uninstall and reinstall, otherwise who knows what other problems you run into.