I've talked about Premiere Elements 4 and Photoshop Elements 6 separately up till now, but I found the combination to be extremely useful; I was trying to create a slideshow of photos, and I ended up using Photoshop Elements 6 to crop and auto-level them, and then Premiere Elements 4 to put them together. Also prior to discovering the "Title" feature in Premiere Elements 4, I used Photoshop Elements 6 to create images of Text - of course, I still stick with my idea, because Photoshop Elements 6 did offer much more customization in the text and layout aspects of the image.
From the perspective of a mediocre and occasional Photoshop 7.0 user, I still found Photoshop Elements 6 to be more than enough for my needs. It doesn't exactly focus on design though - rather, it focuses on retouching and processing. However, I still found it enough to redesign a couple of graphics with it.
Special thanks to Carolyne for making this report possible.
My last words will be that Adobe Photoshop Elements 6 and Adobe Premiere Elements 4 are definitely sculpted to help even the newest of consumers - I especially liked the "Auto" and "Magic" features. However, I felt that even though that was the major selling point, it could also have been seen as a major limitation or constraint if you wanted the most creativity with your suite.
Adobe Photoshop Elements 6 Website: http://www.adobe.com/products/photoshopelwin/
MSRP at time of writing: $149.99 USD
1. Introduction, Packaging
2. Importing and Sharing Photos
3. Functions and Exporting
4. Adobe Premiere Elements 4