for what it's worth, there is a nice write up in July's edition of Shutter Bug about Photoshop Elements 4.0
I have 3.0 and it's pretty decent, the additions to 4.0 make it worth it to upgrade for myself. The full version of 4.0 is only $99.
I picked up my 3.0 at BJ's Wholesale Club for $79.00 for those on a budget