What I really cannot understand is the lack of any Sony camera in the list...
The cuts are too harsj, and pauses are clearly artificial.
The theory is good, but the example does not make justice to the goodness of it.
Som the final result is not fantastic at all...
This is so right!
Vashi, don't get me wrong: I use premiere since 1998 and I am a big fan of it. I train Premiere editors and I think I am one of the biggest "Premiere Fanboys" around in my town :)
BUT, Premiere being an editing system (mainly) and not a color correction suite (at least, not only) I think Adobe should focus more on editing features than on color grading tools.
A good proxy system can be useful in many scenarios, lot of which we cannot probably know of until we get in them.
A good proxy system is a fundamental editing tool, and it should be easier to implement by Adobe than all the best and whistles that await for us in CC 2015!
Also, Premiere lacks reliability when it comes to dual system audio and and syncing. Its "merge clips" tool is known to be buggy, expecially when it comes to Frame Matching, exporting XMLs or OMFs, AAFs and so on.
I'm sure these "simple" problems, if corrected, may assure Premiere a big leap.
Seems a lot like Premiere Pro.