My enter key has decided that it no longer wants to render my effects on my timeline but instead it's going to play my sequence from the beginning.
It worked once, then I canceled the operation, made a change to my timeline hit enter again, and not its a "play-from-the-beginning" button.
restarted program x2
checked shortcuts, still says it's programmed to render effects in work area.
Addendum: It seems that if you have nothing but hardware-accelerated effects applied this is the action it takes?? Adding more effects seems to produce the expected action.
The reason it plays is because of this being checked on in Preferences>Timeline:
And instead of Render Effects, perhaps you want to set in/out points and use Render In to Out:
Apparently premiere won't prerender these files, it is a lite enough workload that it won't bother. Adding more to it until the render bar is red, produces the expected outcome of pre-rendering.
(I was testing how much longer it would take to render with and without a specific effect applied by pre-rendering, apparently, the program won't even bother allowing me to prerender without said effect as it can play real-time without.)
Did you see Phillips answer? You can set in and out points around what you want rendered and then it will, and you wont have to pile on effects you don't want, just to get it to render.
If it's grey it won't render anything. If it's yellow it will render if you set in and out points and choose Render In to Out. If it's red you can choose Render Effects, or Render Selection, or Render In to Out.
I have to choose Sequence > Render Entire Work Area. I do not set in and out on the sequence. The command Sequence > Render Effects in Work Area (with the ENTER shortcut) does nothing. I have no idea why "Render Effects in Work Area" and "Render Entire Work Area" are different but I'm sure it has something to do with setting markers or, as mentioned, the type of effects applied. Who cares? The old ENTER shortcut was nice; it seems to have changed.