is adobe premiere pro 2 useless in today's world?

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super2j

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So like many people I got premiere when it was up for "free" before it came out that it shouldn't have been. I had it already installed and tried to import some modern filetypes but it didnt work. I was looking through my program folders today and was wondering if I should uninstall it and go try to learn Lightworks (I had no idea what i was doing in that thing). Is there something I am missing?