It's all... scary! There's all these palettes and I don't know what they do and they all have weird names and sliders...
I do remember thinking the same about Photoshop when I first started using it so it's just a matter of me playing about with it and seeing what it's capable of (Premiere Pro 7.0 by the way) and going through some tutorials I think.
Right now though, it's scary.
Oh - and like many of you - I have a GJ journal which I might start using as a backup in case LJ explodes.