When upgrading software, can I switch from Premiere Pro to Elements? If so, is Elements set up using similar menus and tools? Can Elements create short videos for broadcasting on tv and the web?
Premiere pro is the product for professional video editing and Elements is designed for consumer video editing.
You can see what Premiere Elements has to offer here:
I understand that it is difficult to determine which forum to post in since there are so many. This particular forum (sharing and storage) was created to help those transitioning from Photoshop.com to Adobe Revel. I am moving your post to the correct forum so that it can get proper attention.
I'll put this posting in the premiere elements community so it is in the right place.
We also have many other forums relating to other Adobe products
Welcome to the forum.
This will give you a few of the differences between the two versions of Premiere: http://video-editing.findthebest.com/compare/3-41/Adobe-Premiere-Pro-C S6-vs-Adobe-Premiere-Elements
For full Broadcast work, PrPro would be the choice. Same for Multi-Camera editing. It allows one much more control over the various Effects, such as Color Correctors.
PrPro CS 6 is only available for 64-bit, where PrE is available in either 32, or 64-bit OS's.