This is from the ADOBE web site for Premiere 3.0. I do believe that the HDV they are talking about is High Definition Video. You can search their support/faq site and see if it supports bitrates between 12000 and 15000.
Easily create home videos and DVDs
Get started quicklyImport from virtually any device
Easily import video, audio, and still images from virtually any media device, including HDV and DVD camcorders, web cameras (WDM analog), MPEG-4 video recorders, and select mobile phones.
Enjoy native HDV support
Capture and edit HDV footage in its native format.
Create DVDs in two steps
Go from camera to DVD, complete with menu and scene index, in two easy steps.
Save work in progress
Easily transfer a project and all its media to another computer, or archive it to edit later.