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I own a Sony DSR-11 HDV/DV/DVCAM deck that I use to capture my video through a regular firewire connection. My preferred capture application is the HDLink software that is part of the Cineform Prospect HD suite of software which also functions as a plug-in for Adobe Premiere Pro CS3 or 4. It captures uncompressed HD or HDV video & audio to a hard drive and can automatically convert it from .m2t to an intermediate .avi format. One nice thing about the HDLink software is that it automatically uses scene detect to split the files upon capture which makes it very quick and easy for a clever cameraman to edit, and it also can automatically de-interlace the video upon capture which is convenient for someone who is using a camera like the Sony FX-1.
If I am only doing a basic edit in Premiere Pro and delivering the edited video on a mini-DV tape like I do for many of my clients, I will do basic simple correction or apply filters for sharpness and contrast in real time without rendering right on the Premiere Pro timeline and then I export, which transcodes the movie back to HDV and exports to tape in a sequential process.
If I am instead doing the full encoding job to the end use format like WMV, Flash etc, I will export the edited, and color corrected video from the timelime to an intermediate AVI, and then I will encode using my preferred batch video encoding application such as Videocharge, Sorenson Squeeze, or Adobe Flash Encoder depending on which format(s) I need. During this encoding process I will add any watermarks at the exact size they are needed so that they do not get re-sized and so they stay sharp and crisp.
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