A nice update. Adobe even admit to borrowing a few features from other NLE's. Get a tour of the new features of Premiere and the other apps with a 43 minute demo video after the break.
The video below gives a tour of the new features.
Powerful New Video Capabilities
For video and audio professionals, Adobe Creative Suite 5.5 Production Premium Suite (see separate release) delivers breakthrough performance, workflow improvements, creative innovations and powerful new audio editing capabilities that build upon the huge customer momentum Production Premium is experiencing with broadcasters, filmmakers and video professionals worldwide. In just one of the innovations, the powerful Adobe Mercury Playback Engine, introduced in Adobe Premiere® Pro CS5, broadens its graphics processing unit (GPU) hardware support to include laptops and more supported cards, allowing users to open projects faster, get real-time feedback and work more smoothly at higher resolutions.
Accelerate and Optimize Creative Workflows
Adobe Creative Suite 5.5 products integrate with Adobe CS Live*†, a set of online services that accelerate key aspects of the creative workflow and enable designers to focus on creating their best work. CS Live online services include: Adobe BrowserLab; Adobe CS Review; Acrobat.com; Adobe Story; and Adobe SiteCatalyst® NetAverages™.
The new Creative Suite product lineup is headlined by Adobe Creative Suite 5.5 Master Collection, which includes, in a single package, all of Adobe’s industry-defining creative tools, such as Photoshop, Illustrator®, InDesign, Acrobat®, Flash Builder, Flash Catalyst®, Flash Professional, Dreamweaver®, Adobe Premiere Pro and After Effects®. These products are available separately or as components of one or more of the five Creative Suite editions. The complete Creative Suite 5 lineup includes Creative Suite 5.5 Master Collection, Creative Suite 5.5 Design Premium, Creative Suite 5.5 Web Premium, Creative Suite 5.5 Production Premium and Creative Suite 5.5 Design Standard.
Pricing and Availability
Adobe Creative Suite 5.5 products are scheduled to ship within 30 days, with availability through Adobe Authorized Resellers, the Adobe Store at www.adobe.com/store in North America and Adobe Direct Sales. Estimated street price for the suites is expected to be US$2599 for CS5.5 Master Collection, US$1899 for CS5.5 Design Premium, US$1799 for CS5.5 Web Premium, US$1699 for CS5.5 Production Premium and US$1299 for CS5.5 Design Standard. Upgrade pricing and volume licensing are available.