Same here. I’m a bit embarrassed to say it but I can’t help but feel a bit vindicated now that pro users see how well Premiere has matured over the years. I have been scoffed at many times in the past for using PPro for real TVC online editing environment. I truly hope the 3rd party vendors see that too and start developing some serious plugins for PPro which were previously only available on FCP7.
So as not to be off topic Chris, I too am using the BMD cards and I believe that the audio meters do not move/update during capture/loop through of audio. It used to update back in the Matrox Digisuite days, but stopped once I moved to the BMD hardware. I think you should be asking this question in the BMD forum.
HTH.
Adrian Tecson
Director for Post-Production
Underground Logic
http://www.undergroundlogic.com