Adobe research scientist Wil Li has a demo of an experimental technology for creating seamless edits in interview footage that could make working with jump cuts easier. Hopefully, this technology with Content Aware seam-carving goodness will be integrated into Premiere.
Some of this seems to have been developed a little further and later presented as Tools for Placing Cuts and Transitions in Interview Video, SIGGRAPH 2012. Here's the video via John Nack:
If you'd like to see this in Creative Cloud (the feature hadn't made the cut by early 2014), you could make a feature request using the Adobe Feature Request/Bug Report Form!
Something similar is already in Avid Media Composer: the Fluid Morph transition, which was discussed by Genius DV earlier this year.
On the AE-List, Peter Litwinowicz and Jack Tunnicliffe added, and later Lori Freitag added a video demo (and another):
“This sort of morph can also be done using Freeform with the right size mesh to warp incoming and outgoing edit so they meet each other. … a key difference between RE:Flex and Freeform that I think would be really useful in this case would be our Auto-Align feature that will use optical flow to match up automatically all the extra bits after you align the major features by hand.”