Ugh, it's all so incredibly pricey, isn't it?
From the list of features on that website, it sounds like Elements would be fine
The only thing I'm a little bit worried about is the lack of the pen tool. I guess people would probably call it an advanced tool, and not critical... but depending on your drawing style (or aspired drawing style), it can be a really really useful tool.
Have you done much vector drawing before? (or heard of it?) It basically lets you draw nice smooth curved lines, like in Neopets images, or in many cartoons (eg.
this lovely background, or this
cartoon figure both seem to be vector-drawn). So if you're wanting to draw in a cartoon-style, it might be something to consider. It's hard to create lines that perfect without a pen tool, though it's certainly possible - it just takes a bit more effort. Then again, it takes a bit of effort to learn how to use the tool itself, too.
But... I'm not sure if that one tool is worth the extra money. And if you're into creating more natural-looking art, it probably wouldn't be too much of a concern anyway!
I love vector art! But the pen tool comes in very handy even if you dont do vector.
And unless you've bought it already, I suggest Paint Shop Pro. Just because it bundles vector and most Photoshop's effects anyways. Photoshop may have more filters but Paint Shop Pro has Displacement Map. Kick me in the nuts and call me crazy but I think Paint Shop Pro is better for photo editing. >_>
than Photoshop Elements. (On amazon.com anyways). If you're gonna buy something, go for Paint Shop Pro X.