First, a clarification... Capture is what you do via Firewire from a (usually, as far as I know) tape camera
Please provide EXACT step-by-step details of what you are doing
Also, provide details about the file
Read Bill Hunt on a file type as WRAPPER http://forums.adobe.com/thread/440037?tstart=0
What is a CODEC... a Primer http://forums.adobe.com/thread/546811?tstart=0
What CODEC is INSIDE that file? http://forums.adobe.com/thread/440037?tstart=0
For PC http://www.headbands.com/gspot/ or http://mediainfo.sourceforge.net/en
For Mac http://mediainfo.massanti.com/
I do not recall any OOS issues with HD Capture from that Canon camera, but something is obviously not right with some aspect of that process.
I would download and install HDVSplit (a free Capture program, and highly regarded - note: there is a large ad on that page for an FLV player, so do not click on the wrong button to download HDVSplit), and do a test Capture with it to test whether the issue is with PrE, or something else.
If you are still getting OOS, then see this ARTICLE for some tips on making the corrections.
Looking at that Canon on CNET, it appears to be a miniDV HDV camera, recording to tape, so Capture should work fine.
Now, being an HD recording device, the format/CODEC will be MPEG-2 HD, and some Adobe programs do have issues with muxed (Multiplexed, i.e. combined Audio & Video streams) MPEG files, especially with regard to OOS issues. Still, I do not recall anyone having an OOS issue with this camera, but might well have missed those problems.
Good luck to the OP,
Hmm... the OP said "Canon Vixia HV40 HD DVD" so I took that to mean a DVD camera, not a tape camera
I will guess the OP doesn't know what he has, and maybe doesn't know what he's doing... hence my request for step by step information
Yes, that part threw me too, but then when I could not find any such model with DVD, my assumption was that the "DVD" was the desired output. I could well be wrong, and there could be several different models of that Vixia, that shoot to different media. I hope that the OP can tell us exactly what media the camera records to.
Thanks for your response. I made a mistake - it's a tape camera as you suspected. It is HD tape. Capture is via fire wire. I can give you step by step exactly a little later today, but I start Premier Elements 4.0, attach fire wire, and hit F5 - capture screen comes up. I Using PE, I roll the tape past about 3 or 5 minutes I don't want, then I hit the capture button and let it capture until near the end of the tape. Then I stop it. It saves, and when I play back, it is badly OOS. I just responded to Bill Hunt as well.
Very much appreciate your help.
Sorry I am pretty new to this stuff - so I use this instead of Premier Elements?