hi i have the camera but what sequence setting i have to put for my standart def. material? on cs5 the timeline is red the files are .mpg cs5 doesnt have already preset.what settings i have to put on sequence?thx.

Probably DV-PAL widescreen.

It might give you the red bar but it should still playback fine without rendering.

I haven't ever used SD mpeg2 footage from the Sony's in Premiere CS3 so I can't be too sure.