For the save location, click on the output file name. That will call up the location dialog.
Thanks for the answer on the save thing.
Can anyone else shed any "light" on this?
Sounds to me like perhaps Pr isn't properly "finishing" the file on capture, like it's not writing the header data correctly. Can you grab MPEG Streamclip and see if it will open and playback the file (free and no install required)? Even if it won't play audio, go to File > Save As, and save a new copy of the file as an MOV; this will repackage the data streams into a new MOV container. If the MOVs playback correctly in QT Player, we know that Pr is failing on capture somehow.
How rude of me not to respond for almost a month! Been crazed on some monstrous end of year projects. I actually did what you suggested using MPEG Streamclip as well as Quicktime to no avail. The only way I found to salvage the captures for playback was to export them out of Premiere Pro. If this is a bug I hope they address it. I understand that not that many people are stilll capturing DV but I have about a hundred tapes and I really wanted to use PP but its back to FCP. Thanks again for your insight.