I have a 90 frame gif and if I file-import-videoframes-to-layers it will make 30 layers and the .gif will end up flashing too much.
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Simply open the gif image rather than importing it as a video.
There was an issue with Photoshop CS3 which required the user to import an animated gif as a video, however that issue has been addressed by Adobe since the release of the Creative Suite 4.