How to import youtube video into premiere cs4 I installed adobe premiere cs4 and was really astonished by the fact that it's not possible to import a video downloaded from YouTube, but it is needed to convert it firstly. This application is weight about 3GB on my hard disk and now I must search for a plugin to import a video from YT.

It would be perfectly if i could download a video directly into premiere, and also upload finished file up to youtube.

The only result of my search is a paid plugin named moyea-importer - USD 70
Is there any free plugin for this task. Or any similar solution.
If not - in which format should I download youtube video, in which format should I convert it (what is the best converter for that) to make it editable in premiere.
Working on win xp sp3.
Thanks.
It's not really all that astonishing.  Youtube is a streaming media service and Premiere is a video editing suite designed to work with files on your local computer.  It isn't part of the function of Premiere to deal with streaming media or convert from a stream to a file or to stream content (though it can produce stream ready files).

To use a video from Youtube, you would first need to use a Youtube stream ripper that will save it out as an actual video file which Premiere should then have no problem opening.  When you finish your project, you would then export to a Youtube compatible format and upload the file to Youtube.  Adobe Media Encoder (which can be used for doing the rendering out of Premiere) actually has presets specifically for Youtube.