Video Rendering Question using Premiere Elements 11 and/or Adobe Premiere

The video Rendering /encoding process can take hours even on an I5 processor.
It seems like this has to be done, redone and done again during the editing process.
If I purchase a camera which supports AVCHD 2.0 - does that mean that the encoding process altogether goes away, so that content is able to be transfered natively to the end media and so that I reduce my burn time to a BluRay Disc, using for example, Adobe Premiere Elements 11 or Full Fledged Adobe Premiere, or Sony's Vegas ?
Newbie to Video Editing.

AVCHD 2.0 only means that the camera can also record 1080p/60, which was previously not part of the AVCHD specification and still is not part of the Blu-ray spec.  It's most useful for smooth slow motion effects.
Anything you add to Premiere Pro will need to be transcoded for Blu-ray, no way around that.

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