I was hoping not to get enamoured by this app - it is $300 by the way. Hopes dashed - it is very cool. Very fast (64-bit version even). And I'm very smitten.
Photoshop Elements 8 was on the other hand a huge disappointment - slow, and unstable on my 64 bit Windows 7 OS.
Workflow-wise, I'm not quite there yet, but learning and it's looking good so far.