The best replacement for adobe premiere is sony vegas.

The best alternatives to adobe premiere are rated as following:
★★★★★  sony vegas
★★★★★  final cut pro
★★★★★  final cut
★★★★  after effects
★★★  avid
★★★  imovie
★★  elements
★★  vegas
★  pinnacle studio
★  adobe after effects
★  avid media composer
★  camtasia
★  sony vegas pro
★  final cut pro x
  final cut pro 7
  movie maker
  final cut express
  sony movie studio
  pinnacle
  vegas pro
  powerdirector
  cyberlink
  adobe premiere pro
  ulead
  windows movie maker
  corel videostudio
  lightworks
  sony vegas 9
  powerdirector 12
  final cut x
  final cut studio
  cyberlink powerdirector
  adobe premiere elements
  vegas video

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Speaking about adobe premiere, one probably shouldn't forget about after effects.

Other search terms related to adobe premiere and their ratings are:
★★★★★ after effects
★ hollywood fx
★ matrox
avchd
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