A well documented problem exists in reading the timecode from Sony NXCAM NX5U cameras. When importing the timecode Premier CS5 always reverts to 0:00 for each clip. Edius always was able to read the timecode. FCP has a new release that can read the timecode now. Has anyone heard anything about any effort by Adobe to fix this problem? Interestingly and almost (almost) humorously, Vegas 9 also has the problem with not being able to read the timecode..
Like other cameras that shoot AVCHD, you need to preserve the folder structure from the cards in order for timecode to be read. I don't think that timecode is recorded into the MTS files, but in metadata files stored along in the folder structure. I believe these are the CPI (clip information) files inside the PRIVATE\AVCHD\BDMV\CLIPINF folder. I don't have an NX5U folder structure to test, but I do have one from a Panasonic HMC150. If I move/rename the CLIPINF folder, all the clips start 00:00:00:00. If the folder is there, however, the timecode is read.
The upshot is that if all you have are MTS files, Premiere won't read the timecode.
This is a problem that originally affected FCP, Vegas, and Premier. Curiously not Edius. There are many threads documenting the problem.
Final cut now has a patch and with it we have time-code. Vegas is promising a fix soon.
Our problem is we use CS5 primarily. And we and people smarter than us have tried to make it work. I was hoping to hear something that Adobe might have released.