It seems to me that no matter how you do this there is going to be a lot of typing involved. If you have an electronic version of the script in notepad or something like that it is possible to paste the words straight in to the titler. The titler in premiere is quite heavy on the system so be prepared for some choppy video and long render times.
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Edius Pro 4 Broadcast, Edius DVX, ADVC300 -- PremPro 2.0, Matrox RT X100
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