I intend to use Photoshop primarily to edit the frames, so knowing how to get the video in to photoshop is key. For this I used Adobe Photoshop CS3. From a combination of experimenting and lectures in class I have found an easy way to import video, change the framerate, export layers to files and then batch process them.
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File > Import > Video Frames to Layers allows the video frames to be imported on to seperated layers.
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Ticking the limit option allowed me to half the framerate, halving the amount of animation I would have to do to a more manageable level. From here I can export the frames as files so I can edit them individually.