Thanks for the quick reply. This seems really odd to me. And particularly unfortunate given how sluggish I've found Prelude to be w/ large projects.
I just checked another Prelude page (indirectly, as it's formally about EA) which explicitly states that "A rough cut that is created in Prelude can be opened in Premiere Pro directly. " Prelude Help | Rough cut and Edit Anywhere (EA)
I'll give it a go w/ Prelude direct. Man, do I hate when corners are cut like that.
Thanks again,
T