Hmm, didn’t post the reply… Well, here I go again:
“timecode-use media source” is selected. I have tried with the other options as well, but didn’t make any difference (that i can see).
I have tried to copy all the clips to the HD sequence. It all worked well, apart from the text layers, which made premiere crash.
It seems to me like it is not getting the tape-time code from the XML, but rather the preview proxy’s time code from FCP. Lets say I have a clip from tape (1 minute) and chops it into 6 pieces (10 sec each) on the FCP timeline. When I import that in premiere, I don’t get one but 6 clips in the source bin. All clips start with time code 00.00.00.00. Also, when importing the XML, premiere is asking for the Quicktime Proxy. As far as I know, it should not ask for the proxy, but just accept and then let me batch from tape.