New answers tagged studio
Both options will achieve most of what you need (possibly not PSDs, but you can use transparent TGAs exported from Photoshop), however Premiere Pro is a far more powerful and professional option. If you don't like the idea of subscribing, I believe Premiere Pro CS6 is still available for one time purchase. Alternately, Sony's Vegas Pro is also a highly ...
Both Pinnacle Studio 17 and Premiere Pro CC will suit the needs you listed, but only Premiere Pro accepts .psd files, Pinnacle Studio does not. Furthermore, Premiere Pro has an option to directly export frames to Photoshop, edit them there, and import them back to Premiere Pro. That sounds like a feature you will find useful.
Top 50 recent answers are included