Premiere won't give you full quality and full framerate playback without render the added effects on the timeline. If you are editing in DV then the preview monitor only has to be 720x576 to give you full screen, because pc monitors are far larger than TV screens in resolution. This means to playback at full screen on a pc monitor the video would be have to enlarged 4 or 5 times to fill the screen which would result in a loss of quality that wouldn't happen on a TV screen.
To view your output from the timeline to a TV or output monitor you require either a 2 way Firewire A2D converter or a graphics card with realtime output like the matrox cards.
The timeline would still have to be rendered to get full quality and framerate.
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Edius Pro 4 Broadcast, Edius DVX, ADVC300 -- PremPro 2.0, Matrox RT X100
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