I was actually talking with AD about this subject, this morning.
The video we're working on has some parts where we're taking an image from PhotoShop, and placing it in Premiere w/o the background.
Easy, of course. Just import the one layer you want, overlay it with the video, boom, you're done.
For some reason, though, PhotoShop was rendering the effects in the layer, but Premiere just REFUSED to recognize them AT ALL. No matter what we tried. NO MATTER. We did EVERYTHING.
So for this specific thing, we're going to try the "Green Screen" approach and see what happens. The "smoothing" option is actually going to be better for this one, anyway.
When it comes down to it, I think both methods are important to know, if you're going to attempt this kind of thing. See what works best for you :D.

