Yes.
To get it synced in Premiere make a short loud sound clearly to be heard on the minidisk and camera. Let both run the whole time during taping do not use the stop button.
Unfortunately Premiere does not use more than 2 gigs of Ram, the same goes for AE. Changing this to 3 gig is not worth it.
When running AE on a 64 bits OS then it will use all your RAM.