PPro: Premiere Pro 1.5 is here.
There are some major cool features added to release 1.5.

Project Management Tools:
Remove unused media. We've been missing that one.

24P/A support:
Support for true progressive footage.

Effect Favorites:
The first thing a noticed where missing when I started using PPro.

More AE integration:
Support for using clip board data. And cross reference use of AE plugins.

AAF and EDL I/O:
This my friends is what's finally making PPro a truly professional application. Move over all else.

This is a really nice upgrade.