I had some P2HD footage I was editing, and when I exported it out of premiere, it looks like this (ignore the black at the beginning, it's the weird interlacing-looking edge-line things that have me weeping here).
http://www.youtube.com/watch?v=eK7yfsM8JAg&feature=youtu.be
http://www.youtube.com/watch?v=eK7yfsM8JAg&feature=youtu.be