Thanks, but i read that wiki before. I don’t want to buy the mainconcept plugin, because it used to work fine without any plugin. Plus, it is no use to convert the mpeg2 files to avi, because then the projects will be useless as well. I need to get the old project files working.
However, i have fixed the issue. I discovered for some weird reason the media cache directory was read only, so Premiere v2 could not write cache files to hd. It would have saved me a lot of hassle if premiere just told me what was wrong instead of trying to write massive amounts of index files.