Manually delete the caps.db in the caps folder. Just running the cleaner script doesn't resolcve that particular issue as in fact a completely unrelated entry in teh database may be causing this and not show up in the tool at all...
I can't find this caps folder because I deleted my adobe illustrator folder. Where can i find it?
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This might be helpful for you Error "...Installer Database is Corrupt..." when you install Adobe Creative Suite 4 or point product
Its not for Photoshop Elements specifically but should help finding the caps folder.