http://www.adobe.com/products/photoshop-premiere-elements/tech-specs.html
I don't do downloads, but the retail disc set includes both 32bit and 64bit installs... "Adobe® Premiere® Elements Editor runs native on 32-bit and 64-bit operating systems"
That's correct. Premiere Elements 11 comes in a 64-bit version that runs with all the 64-bit advantages on Windows 7 64-bit.
Thanks Steve, just wanted to be sure.