So as part of my job I spend most of my day in Adobe Premiere. Or, at least, I intend to... I swear Premiere spends as much time crashed as it does running. The setup I'm on includes a Canopus DVRexRT, which is very cool for doing realtime effects and such, but stability was obviously not on the requirement list. A Premiere/PC setup may save money over Avid and its ilk, but anyone going this route should really evaluate cost savings vs. loss of productivity.

And no, Final Cut Pro was not an option. The ability to do transitions and effects without rendering is integral to the specs, and FCP won't do that.