Hi Jesse. I’m currently having the same problem in Premiere, but the audio is just MP3’s! I’m not sure, but I think this might be a bug in Premiere Pro CC?
Let me know if you find a solution & i’ll do the same!
Is the slow locate media function still an issue for you both? It is for me..I would have thought Adobe would have fixed this in one of the many updates that have been released of late. To make things worse, the locate media function is even slower when working from a network drive!