"Within a week, RED R3D files will open natively in CS3 Premiere Pro and After Effects."
This effort is led by RED and it's not known how the current Premiere width limit of 4096 pixels will be handled before the next Adobe release. Some CS4 apps are already on Adobe Labs, so the next versions of AE & Pr are not that far off.
If you're in San Francisco on August 5, the Digital Cinema Society Northern California Chapter examines workflows for both the Sony XDCAM EX and RED One Cameras. Adobe will present their native XDCAM EX (and presumably RED) editing workflow using Production Premium software and give the latest details on their Cinema DNG initiative. Other featured presenters include Adam Wilt and Art Adams who will share some of their findings after rigorous tests of these cameras and workflows.The group plans to meet at Adobe in San Francisco; send the required RSVP to Trudi@DigitalCinemaSociety.org.