In this video we discuss the numerous similarities and differences between speed changes and freeze frames in Premiere Pro and FCP7.
The techniques described in this video are demonstrated in Premiere Pro CS6, but also apply to Premiere Pro CC (7.0).
I go over how to do both constant and variable speed changes in both programs. I also go over some tips and tricks for doing freeze frames in Premiere Pro.
UPDATE: Freeze frames have been greatly improved in Premiere Pro 7.1.