Yes, but you may want to consider upgrading to CS6. It has a lot of new features to make your editng life even easier and faster, at least if you have Win7 Pro, 64 bit. The learning curve from CS3 to CS6 is very small.
According to Canon http://shop.usa.canon.com/webapp/wcs/stores/servlet/product_10051_10051_270656_-1 that films in AVCHD
I'm not sure that format is supported by CS3... If not, you will either need to convert to something like HDV or use an intermediate product
Convert AVCHD to HDV http://forums.adobe.com/thread/390605
or use Cineform Neo Scene http://www.cineform.com/neoscene/
I am trying to find what Premiere pro editing product would support my AVCHD...
you seem very patient, this is a silly question..
I have Windows XP.
I do not know what Win7 Pro, 64 bit is....
From CS5 onward (CS5.5 and soon CS6) Premiere Pro is a 64bit program... WinXP is 32bit, so will not run the program
Windows 7 64bit Pro is what is used by most Premiere Pro owners
That will most likely require a new computer
Some ideas for a Desktop Video Editing PC
-ADK Kudos http://forums.adobe.com/thread/877201
-and Build http://forums.adobe.com/thread/947698
-more build ideas http://ppbm6.com/Planning.html
oh no, I have to get WIN 7, and a new computer? I feel faint.
Then continue using CS3 on XP. C'est simple comme toujours. It is simple as always.
Premiere Pro CS5.5.2 does so does Sony Vegas Movie Studio Platinum 11 at 1/10 price, both are excellent.
Good luck , CS5.5.2 is the best PP I have ever had, amazing with Mercury Engine Quad Core and Nvidia Quadro FX3800, you will need a 64 bit computer, not so Vegas
what setting do I put the CS3 on to receive the AVCHD> I heard there might e a problem with the sound syncing properly on CS3???
PS, my laptop in Win 7 with 64 bits, could I upgrade to CS6 on a laptop?
PPS thanks for all the help. I feel dumb, but I am appreciative
Some ideas for a Laptop Video Editing PC from past discussions
-NOTE only 1 hard drive in above, so you will need to add a 2nd drive or use eSata for video files
-or Google "ASUS G74SX-BBK7" (without the quote "" marks)
For effective HD video editing, a laptop with the following
-the newer Intel sandy bridge 2720 or 2820 quad processor
-and nvidia graphics preferably the 460m, 485m is a bit much
-1280x900 display with OpenGL 2.0-compatible graphics card
-and 8 or 16 gig ram and Win7 64bit Pro
-and 2 internal 7200 HDDs minimum
This message has a really good graphic about requirements
CS5 Requirements http://forums.adobe.com/thread/810750
About Requirements http://forums.adobe.com/thread/618058
Disk Configurations http://forums.adobe.com/thread/878419