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Ac3 compression in authoring software is veryvery expensive I believe the cheapest is around $1000, but I'd have to check

I'm working on a film right now that's going to havea 5.1 mix, and we're using exactly what Vince described http://www.starwreck.com

If you're using a good DV codec (aka NOT Apple's or MS') most of them are written to be taken full advantage of in Premiere. Also, there are a lot of plugins for Premiere which are really fantastic (cinelook etc) It's true that Premiere has a bad habit of crashing, but I find it to be...

Reviews I've read have been good Basically if you're screwing around with Home movies, or doing simple edits it's great Anything bigger, Premiere is your man