I personally use Sony Movie Studio 12 Platinum (the lower end Sony Vegas) for all of my editing. I like it because it's easy, powerful, and it didn't cost much.
I've never used Premiere Pro, but that's because I don't have the Adobe Suite.
Basically, they're just editing programs, and they have the same basic features. Of course, Premiere has integration with other Adobe software, so if you use AE or Photoshop a lot with your video editing, it's good to use Premiere.
YouTube • Website"Whatever you do, do all to the glory of God." - 1 Corinthians 10:31b