As many of you know, the features to exchange data between Premiere Pro and Avid Media Composer have some limitations.
The chapter from An Editor's Guide to Adobe Premiere Pro is the best resource that I've seen on this topic. (I may be biased on that matter.) I asked Peachpit Press to make this chapter available as a free download. It's linked to from this post.
I hope that this helps, if only to make it clear where the boundaries are.
Thanks Todd. I've experienced these limitations lately so I appreciate your post. I would urge Adobe to strengthen this compatibility.