Be sure to check out this new tutorial from Creative COW
http://library.creativecow.net/harrington_richard/Premiere-Pro_Adobe-Media-Encoder/1
In this tutorial for the Premiere Pro Video Adrenaline series, Richard Harrington uses the Adobe Media Encoder to go from your finished sequence right to the web, blu-ray, or other outputs with a quick hand-off and jump back into your editing.