I really wish I could get my BMD device to work in Premiere, but I can never get a picture to display in the capture window even though it works fine for me in Media Express and I can even get Premiere to recognize the Shuttle as the primary audio device, but no dice for video. Any links or tips that I could try?
For OP: When I want to get my VC into Media Express, I have my VC plugged into my Shuttle via component, set my input settings in Black Magic Desktop Video Setup as component, 525i59.94, and then match those settings in the preferences tab in Media Express. It is VERY important that the settings match. Even a difference as small as 525p vs. 525i is enough to break the signal chain. The framrate can be either 29.97 or 59.94 but I prefer 59.94. Hope that helps somewhat.