Adobe ships Photoshop Elements 5.0, Premiere Elements 3.0

Adobe Systems Incorporated today announced that the latest installments to the Photoshop Elements and Premiere Elements software have been shipped to retailers nationwide.

The new version of Photoshop Elements allows users to upload and edit photos with a pallet of advanced features. It also has integration with Adobe Flash, which allows users to share their photos over the Internet. Premiere Elements 3.0, which also has Adobe Flash compatibility, is a video editing application that allows users to export videos in new formats like video iPod and PSP.

Adobe Photoshop Elements 5.0 and Adobe Premiere 3.0, both of which were announced two weeks ago, are the newest additions to Adobe's budget photo and video editing software. The Elements line of software is comprised of watered-down versions of the more featured, more expensive Adobe Photoshop and Adobe Premiere titles.

The new software titles are priced at $100 each, or at $150 for the bundle.