Larry — how are you trying to import the AAF? It sounds like you are using “Import EDL” rather than just importing the AAF as if it were footage — AAF isn’t an EDL, but a media object. So, use the import dialog box (either through that newfangled browser window, or via “import clip” function in the menu) and select the AAF as if you were selecting a QT movie or a graphic to import into a bin. This will pull up all of your clips (offline) and the sequence into the bin. Open the sequence — it won’t open because of unsupported effects, most likely, but it will duplicate a version that should open (but might give you some weird error messages). You may still have to rebuild the sequence by hand, but you’ll have all the time code information at your fingertips for each clip, at least and they’ll be laid out in the timeline as they are in Premiere. Before you start doing it by hand, though, try to select the sequence and choose “batch import.” If the clips are readily available (say, on the same drive where they were when exported from Premiere and local to your system), it should relink to a fair number of them. Then, you can fill in the rest by hand. Hope that helps.
Eli
Burst Films LLC
also on twitter @postbrooklyn