If all the settings seem ok but your Premiere is capturing as mp3 you must change the extension of your captured mp3 files to “.m2ts” and they will work. ( i.link conversion must be turned off in the camera’s settings in order to capture HDV)
If your capture doesn’t show video in playback,
copy “mc_dec_mp2v.dll”
from
C:Program FilesAdobeAdobe Premiere Pro CS5.5PLibs
to
C:Program FilesAdobeAdobe Premiere Pro CS5.5