A friend graciously volunteered to take some "second unt" camera work at my kids school funtion and give it to me for some editing with my own shots. However, it is one of those direct to DVD cameras. Now I have a mini DVD that has all its info in those couple of wierd Video_ts type folders. ARGH !!
What are my options for converting or importing, or whatever into Premiere.
Do I even have any.

Considering this seems to be a personal project and not a professional level production, you could simply use a dvd backup program to convert the DVD VOB into AVI or MPEG videos to use in Premiere.

Copy the .vob files to your hard drive. Change their extension to .mpeg. Import into Premiere.

Premiere is generally not too terribly happy ingesting mpeg2 (expect crashes on long files) - a better approach is, as mentioned above, transcoding them to something usable with either MPEG Streamclip or VirtualDub-MPEG, both free.

Thanks for your help.