Moving this discussion to the Premiere Elements forum. Did you receive any error messages during the installation process? You can review and interpret your installation logs by following the steps listed at Troubleshoot install using logs | Elements - http://helpx.adobe.com/photoshop-elements/kb/troubleshoot-install-using-logs-elements.html.
Well, I found a very random answer and it worked!
I searched through a couple hundred posts on "Problems with ExporterAVI.prm" a solution written (sorry forgot to write down the URL of the page) for Premiere Elements 8. The authour of the solution suggested:
1) Perform a fresh install
2) Locate the file ExporterAVI.prm
3) Move it from the current directory or delete it (sending it to the recycle bin)
4) Run Premiere (after it runs) shut it down.
5) Copy the file back or restore it from the recycle bin
I am not sure what moving the file ONE TIME does but this appears to work on Premiere Elements 11 as well as 8, now it starts up just fine with ExporterAVI.prm back in its original spot.
Thanks to John T. Smith and Jeff A. Wright for your assistance/help.