If you work with clients and are looking for real time HD functionality that exceeds Smoke on SGI or a DS Nitris at about 1/6 the price, you may want to consider Axio. For example, I can play back three layers of HD uncompressed 1080 24P video with a 3D DVE on one of the video tracks, CC on all video tracks; and two graphics tracks, each with DVE motion effect. All in real time.
The real time chroma key quality is remarkable, even on HDV material, and very easy to set up. This is great for virtual sets. I can even apply blur to the background (still real time) for DOF effects. This capability alone is worth the price of admission, but there is much more.
I can play back three HDV tracks (1080 30i) (with primary and secondary color correction and one 3D DVE) that are decoded on the fly from their native files, which saves a huge amount of disk space.
The Axio hardware utilizes FPGA chips that allow the hardware to be reconfigured and upgraded in the field, opening the door to more functionality in the future.
And I should add that it runs on a powerful platform (dual/dual core Opterons) that won’t be EOL in two years (I refer here to the Freescale Macs).
As for Premiere Pro, I don’t really feel that it’s holding me back. I used to edit on Discreet Edit, which I still regard fondly, but when you look at the whole Adobe package, and the level of integration therein, it’s very respectable. I have high hopes for the future.