You may be better off posing this question in the Elements forum instead of the Premiere Pro forum.
The commonality is that most of us start with shooting, then ingest, then edit, then fine-tune, then export, then deliver.
Thanks for the response.
It doesn't sound like you are happy with the response...
Not a fan of the AVCHD to .mp4 conversion... you are compressing compressed video and will compress it yet again when you go to perform your final output... Why can't you just work in AVCHD? Does Elements not support it? Of if you have to convert it, choose some lossless codec.
Actaully Elements 8 does not support it.
I don't shoot or edit in AVCHD, but PE7 and 8 both support the format natively.
That being said, you need a PC with some horsepower in order to work with any success.
Many recommend at least a Quad Core with 4 gig, and most would say this is the bare minimum.
When confronted with the hardware issue, one ticket to paradise is to convert to HDV, which will place less stress on the system.
And the price you pay on a convert is usually a loss in quality, but for some situations it may be the only option open to you.
Check this link under FAQ's for convert options with AVCHD: