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My PAL version came with usb only. I capture via firewire. I use an older cam for capture. This is permanently connected to my pc. I only switch the cam on before capturing video and after booting the pc. My system, XP with SP2 and Edius, has no problem recognising the cam and capturing clips.
I am unfamiliar with Premiere Elements. Why not just try a trial capture for say 30 secs and see what you get? I doubt that date/time onfo is significant in the context of the whole video data stream that you capture.
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