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This happens whenever you embed or copy clips of one frame rate to a sequence of a different frame rate. And every edit will need adjusting.
Your best bet may be to wait a couple weeks for CS5.5 to come out and keep the clips at their proper 23.976 frame rate.
Thanks, this is such bad timing! I am trying to get this edit wrapped up for a screening during the Cannes Film Festival and waiting until some unknown date in May-ish for 5.5 is not even an option. I am pulling my hair out... I can't even create EDLs, XMLs or AAFs because the timecode is wrong. I am stuck in premiere or forced to adjust the edits on 2.5hrs of footage on a 24fps timeline so I can export something. Of course my edits will be off here and there, but at least the timecode will be correct.
The timecode error is the single most crippling bug that I have run into in my 10 years of using adobe software.
You don't actually need timecode to sync audio. I do it manually all the time. It may be a better solution than changing the timebase of your recorded footage.
You're right about the timing, though. CS5.5 not only fixes this bug, but includes one click methods for syncing dual-system clips.
Maybe next year.