I decided to do a little video editing today, so I dusted off my legit copy of Adobe Premiere Elements 2.0. I used Adobe Premier 1.x professionally and although it had its quirks I liked it and found it a useful tool.
Premier Elements 2.0, unless you are outputting your video as an Mpeg, sucks. What sucks worse is that there is no reason for this other than Adobe intentionally dumbing down the junior varsity version of Premier in the hopes that you will upgrade to the Pro version, which I bet is quiet capable.
As I type this, I'm using Acid 6 to re-encode my video because it does a better job the Premier Elements.
I hope 3 is better, but I'll never know.