I just upgraded thinking that I would now be able to export the vegas project into a premiere project. My "updated CC Premiere" says it i unable to open the project. I tried with a very basic project with just footage on the timeline and still have issue.
Come on guys! Fix this issue wtf.... I just paid for version 16 and the issue is still there.
Error message in premiere: "The project could not be loaded, it may be damaged or contain outdated elements."