Not surprisingly, Premiere Pro imports PSD files far easier than FCP…
Dynamic link is certainly a plus, but it does take some serious RAM to use it extensively (lots of AE comps on a given PPro sequence).
Audio handling on the editing timeline goes to PPro…
FCP can open edit sequences from multiple projects simultaneously…PPro can’t. (Assets brought in while different sequences are in focus tend to end up in unplanned-for places in FCP…so that can be a two-edged sword.)
I’ve liked Apple’s audio app included in their suite over CS3’s Soundbooth because of capabilities like multiple tracks…
I happen to think that the aesthetic of the composition space in PPro’s basic title tool is superior to FCP’s basic title tool (not Live Type), even though Adobe left the interface in a ridiculously broken state for CS3’s entire lifespan…
Overall, if you do most of your work in AE and you assemble in an NLE, I can’t imagine PPro wouldn’t be everything you need and more…
TimK,
Director, Consultant
Kolb Productions,
CPO, Digieffects