Yup I have waited long enough to move our company into the HD era and I was really hoping Adobe would come to the party with Ppro2. Sure 1.5 is capable but its sluggish and buggy and soooo not a pro solution (unless you have a spare $30k for Axio).
Adobe you have lost my business as we will now be going either FCP or Avid (possably even Canopus as those NX systems are amazing).
I think Adobe is getting way too cocky and big for its boots. To busy gobbling up other companies than concentrating on what matters most.
CYA