This feature is not avaiable in Premiere Elements.
Premiere Elements uses your processor only to render your videos.
Right, thanks for your answer! I was doing some research for a new laptop. Now I know what to look for ;-)
If you're going to edit on a laptop, I'd recommend nothing less than an i7 processor.
These notes are from the PPro forum, so ignore the mention of nVidia... which IS used for rendering by PPro... but the other requirements make good reading
Some ideas for a Laptop Video Editing PC from past discussions
For effective HD video editing, a laptop with the following
-at least the Intel sandy bridge 2720 or 2820 quad processor
-and nvidia graphics preferably the 460m, 485m is a bit much
-1280x900 display with OpenGL 2.0-compatible graphics card
-and 8 or 16 gig ram and Win7 64bit Pro
-and 2 internal 7200 HDDs minimum
As has been stated, PrE will use only your CPU, and of course the I/O sub-system, i.e. the HDD's.
PrPro HAS added GPU acceleration, via its Mercury Playback Engine (MPE), with a CUDA-enabled card, with the right specs., as of CS 5. This ARTICLE goes into more detail.
If you are looking for a laptop for video editing, I agree with Steve and John, and really like the Sager and ADK units, as they offer very fast CPU's (extremely important), plus up to 3 HDD's. IMHO, a 2x physical HDD setup is the minimum, with a 3x about the ideal for a laptop - and also the max, that I have ever seen.
Especially with output, the CPU is important for all of the processing required, and then the I/O is important to write the files to the system.
If one has AVCHD, or any flavor of H.264 as Source Footage, the CPU will be the most important component. With other material, the I/O will be the biggest bottleneck.
Thanks for all the answers guys! Appreciate it!
After doing a full day of research for what I want and like I ended up at HP. I think that this will be my new system for the next few years:
http://www8.hp.com/nl/nl/products/laptops/product-detail.html?oid=5269986 (The text is in Dutch, sorry for that)
I already have a Samsung 830 120 GB SSD so the disk I/O will be covered.
Now I just have to wait for the notebook to be released :-)