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Premiere CS5 has been stable for me so far. Natively editing footages from a Nikon d7000. Still, I've been thinking about trying out Avid. FCP was good while it lasted.I don't know Avid, so I can't attest to them. However, upon opening Premiere again recently (to familiarize myself again), I remembered about all of the crashes that I used to endure. It brought back a sick feeling in my stomach of memories you don't want to keep. Granted, this is CS4. 5.5 may be more stabile.
If you work in a more "closed" environment, meaning you generally edit, mix, finish and output, I'd probably suggest going with Adobe.
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If you work in a more collaborative environment, or you need to share files with audio post facilities, telecine artists and Smoke/Graphics rooms, I'd look at Avid.
I thought I'd start a dedicated thread for those deciding which platform to switch to, and those who have experience with them. What are the pros & cons for each?

If you work in a more collaborative environment, or you need to share files with audio post facilities, telecine artists and Smoke/Graphics rooms, I'd look at Avid. These workflows have been fairly well refined over time, and have largely become standardized in large post-production facilities.
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I think I read somewhere the Avid product that's being offered is 32 bit and being EOL'd with the current release. Is that correct and what would be the next progression in their product line? I've never gotten a good grasp of what they sell due to all the hardware options and add-ons.
I don´t know, how that is done in the US, but here in Germnay I exchange audio files as OMF and the standard for Smoke/CC andwhatnot is DPX - Premiere spits out both without problems.
Frank
It's certainly not that Adobe isn't capable of this workflow, but in my 15 years working in production and post, I've never set foot in a post house that used Premiere. They all have it, but nobody really uses it. So the issue is more the "acceptability" of the Adobe workflow in that environment. They're all just much more comfortable and familiar with Avid and Final Cut workflows. Now, if you're simply passing off materials for an audio session, no worries. But most post facilities have a very particular (and sometimes peculiar) workflow that they swear by. So if, for example, you plan on freelancing at a place like this, Premiere won't really help you much, because it's a workflow they're not familiar with, and it's a program likely none of their other staff is familiar with.
Again, it's not about what Premiere "can't" do. Premiere is just as, if not more flexible than Avid. But it's an established and "known" entity in the world of commercial post.
Not so. As long as you pass off the file type they need at another post house or use whatever they require ..say.. and OMF or EDL. then they won't be program specific. Trust me. I work in Hollywood on trailers and we move stuff from post house to post house all the time.