I have tried two hours, and I just wanted to import some WMV files into Adobe premiere without losing the quality. But
Adobe Premiere Elements 7 only supports ASF, AVI, H.264, MOV, JPEG and PNG formats. Maybe some friends have this problem. Well, at last I decided to donate $29.99. Not a big amount, I bought a third-party software tool to convert WMV files to AVI format.
Download and install http://www.earth-soft.com/video-tools/video-converter.html (EarthSoft Video Converter) program.
Step1. Add WMV file and choose AVI output format from the drop-down list.
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Step2. Adjust video and audio effect.
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Step3. Click "Start" button to converting files without losing quality. You can also clip any favorite segment as you wish.
After conversion, I import AVI files into Adobe Premiere software. It is easy to operate this software. Download http://www.earth-soft.com/video-tools/video-converter.html (EarthSoft Video Converter) for trial.
Tips: http://www.earth-soft.com/video-tools/video-converter.html (EarthSoft Video Converter) also allows you to convert videos to any other video and audio formats for portable devices such as iPod, iPhone, PSP and so on.