Recs.
Updated
[$240 USD+/yr]
Premiere by itself is $19.99 USD/month (with a 1 year commitment).
It's possible to get the full Adobe Creative Suite (including After Effects, Audition, Photoshop, Lightroom, Illustrator, SpeedGrade, InDesign, and much more) for $49.99/month, or $29.99/month for the first year if any CS3+ is already bought.
Specs
Pros
Cons
Con Render times and timeline performance is much slower than competitors
Premiere is the backlight is almost all disciplines and gets beaten by far by Final Cut and the direct Windows-competitor DaVinci Resolve .
Con Poor customer support
Customer support will ask you to uninstall and reinstall Premier Pro at the first technical difficulty, then advise to make a clean install of windows and finally if you are brave enough to do all of this and the issue remain customer support will suggest the issue is you. Most of the time they are known issue that needs workaround or tackled by third party pluggin. Sometime you can find less extriem fix online. Finally you can errasse your preferance times to times, they can store broken instruction.
Con Licensing much more expensive than competition
The cost of the adobe system over a 3 year span is significantly higher than other comparable editors. Their licensing for schools is particularly problematic as updates aren't available for site licenses in a timely manner, leaving us with compatibility issues with students using their own licenses at home.