An ex pro photographer, digital for 6 years, I have tried many editing software programs.
Up till now for the price Paintshop Pro was hard to beat, it still is very good software for the price.
My first trip into Elements and I am impressed, the browser is probably worth the money on it's own, but you have a full blown editor that can do practically everything you are likely to wish for. It's not perfect, because it can be slow to work/respond at times, running on a Pentium 3.0ghz with 1gb ram, there are times it's a little frustrating, but that is probably it's only achilles heel.
One big advantage is the amount of information, books, magazines, articles on the internet that all relate to photoshop elements, helping you to learn even more neat editing tips and tricks.
I would recomend this software to any digital camera user, just make sure your computer is not too old and slow or you may find you are tapping your fingers too much.