It doesn't seem all that long ago that Adobe trotted out its first consumer image-editing application, but Photoshop Elements seems to have aged fairly well over the past 10 years. It hasn't changed that much--it still has a task-based interface and modular architecture--though it's gotten a bit glitzier looking and, as it continually absorbs new technology and features from its big sister Photoshop, has gotten a lot more powerful as well.
Along the way, Adobe paired it up with a consumer version of its Premiere video-editing software. Though not 10 years old, it carries the same version number, and some of the same baggage, which includes an interface that hasn't changed substantially over time, and therefore has a steeper learning curve than a lot of newbies want to climb.
The new versions of both applications don't boast a lot of shiny, gee-whiz new features, but Photoshop Elements continues to evolve in meaningful ways, and Premiere Elements makes the important jump to 64-bit operation, at least on Windows. Plus, the company unified the Organizer to better handle both video and still media.
Pricing remains the same: $99.99 each or both for $149.99. The $79.99 upgrade pricing per product seems a bit steep to me, though.