If you are like me, you will never pay the ridiculous amount of money that Adobe charges for one of their silly Adobe Suites. Specially now that you can rent Photoshop for a monthly fee, if you visit the Adobe site you can read more about this unique feature, I love it, welcome to the future. If you need the full version of Photoshop in a pinch for a short term job, renting it for one month directly from Adobe is by far your least expensive option.
I got Photoshop Elements only because I wanted to use some expensive plug-ins which have nothing to do with Adobe, these plug-ins are even more expensive than Elements but now I don't need to buy an entire Adobe Suite just to use a nice plug-in to enhance my photos. If you have a Mac you don't need Elements to use plug-ins, you can use Apple's "Aperture" too.
This latest version of Elements (version 10 only) allows you to open old Photoshop files that contain layer masks and edit them. Basically I use Elements on my travel netbooks. Another, nice feature only available on this latest versions of Elements is the ability to create HDR images.
Here are more pros and cons:
Pros: -It is a good deal if you can get it for half-price, it is NOT a good deal at full price. -It is a good substitute for Photoshop Pro if you are a student and don't need to do actual print work. In other words, it is good for purely digital or internet work albeit there are ways to work around some of its limitations for print. It does not have CMYK mode.
Cons: -For some unknown reason Elements takes a very long time to save certain file types (png), up to two minutes in some cases. -The Organizer replaces the old Browser for no reason other than to annoy you, it is useless. I use a third party app called GraphicConverter to organize photos instead. -Elements 10 is spam ridden, even though it costs $100, Adobe pushes their pop-up ads upon opening the software. There is no clear way to stop this behavior. Shame on Adobe. -Elements does not have CMYK capabilities. None. -The menu interface does not match the experience you have with Photoshop Pro. It takes a long time to find the menu item that your are looking for and using both softwares at the same time would be cumbersome or confusing for this reason. -There is no upgrade path from version to version. When Photoshop 11 comes out next year, Adobe will charge you full price for it. There is no reason why this should be so.
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