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What format is the footage being originated on?
If it's HDV then your most cost effective solution is Pinnalce Liquid Edition, if it's standard def DV then I would recommend Premeire Elements.
There is nothing near it in terms of functionality or flexibility for either the price or 4 times it. Like MarkE19 I used v.6.02 then Pro 1.5 (on my online suite) I use this on my PC offline suite, though I've never ever considered it a compromise. There are maybe five (useful from a broadcast tech point of view) things that it cannot do, for everything else it's awesome value for money.
If it's another format (such as DVC or BetaSX/DigiDBeta) then you'll require either a conversion done by the crew, or an SDI>firewire interface.
If you insist on spending professioanl money then I can also recommend Premiere Pro, though I can't overstate that unless you are doing work that needs to meet broadcast engineering test standards (purely transmission safety issues, no quality difference) then Elements will do everything you need.
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