Have you installed any software after or during the time you installed Premiere Pro 2.0? If not, I would try uninstalling both: Premiere Pro 1.x and Premiere Pro 2.0 and reinstalling them again.
Aanarav Sareen, ACE Adobe Certified Expert, Premiere Pro
The second issue seems to be with some software or hardware conflict within your system. Could you please list your system details and any installed software (other than the “normal” applications like MS Office”)
Thanks,
Aanarav Sareen, ACE Adobe Certified Expert, Premiere Pro
Good to know that they solved your issue. If this happens in the future, simply delete your preference file located in C:\Documents and Settings\”Your User Name”\Application Data\Adobe\Premiere Pro\”version #” and delete the prefs file.