Premier Pro only works with XP - says so right under the 'system requirements' on the box. Also says that Service Pack 1 is required.
I run with XP Pro and SP2 with zero problems. I'm thinking that you may have a driver issue with one of your devices instead of an OS problem
sorry and good luck
My System Specs:
Cameras: 2 x Canon XL1s
Computer: Dual Intel Xeon 2.8Ghz processors (hyperthreaded) - Intel SE7505VB2 mother board - 2 Gb PC2100 RAM kingston -Adaptec FireConnect 4300 -2xseagate 10K scsi hdd 150G ea -2xseagate 7200 ide hdd 200G ea - Plextor PX-708A DVD burner - ATi Raedon 9800Pro video with Dual SUN 21\" monitors - Sound Blaster Platinum live!
Software: Windows XP Pro with SP2 - Pyro Pro (adobe\'s premier pro, encore DVD, and audition bundle)