Adobe announced Preimere 6.5 which will finally bring Premiere into OS X (the last big Adobe program to go to OS X I might add). The good news, Premiere 6.5 offers real time editing *cough*Final Cut Pro*cough*. The bad news, while the Windows version will include built in MPEG-1 and MPEG-2 compression, the Mac version will required DVD Studio Pro in order to do MPEG-2 encoding. You will be able to encode straight from the timeline *cough*Final Cut Pro*cough* but Adobe is not adding their own MPEG technology to the Mac version (insert colorful metaphor here). Maybe Adobe will decide Apple is a good DV editor and that they want to compete with Final Cut Pro by version 7.
To update from Adobe Premiere 6.0 to Adobe Premiere 6.5 is set to cost $150.