What happens when you lauch v2? There are no known comptability issues between any PSE version. Try launching v2 from its .exe located in program files using 'Run as Admin' option.
Did you tried resetting the preferences file.
To do so try the following
<Make sure you can see the hidden files and folders on your computer.>
Go to Hidden Files & Folders
Go to My Computer or Computer and follow this path:
C: > Users > [user name] > AppData > Roaming > Adobe > Photoshop Elements > x.0 > Editor > Adobe Photoshop Elements x.0 Prefs.psp
Right click on the Adobe Photoshop Elements x.0 Prefs.psp, and select Delete.
A new preferences file is created the next time you start Photoshop Elements.
This preferences file has default values.
My operating system is Windows 7 Home Premium
I tried clicking on “Hidden Files & Folders” per you instructions. A screen headed “PhotoKaboom opened
The first instruction in the Windows 7 section directed me to press 1the Widows(flag) key +e. That opened the “Computer” screen that shows the on board drives an a removable storage feature. There is no reference to tools,Folder Options View tab, Advanced settings or “Show Hidden Files , Folders, etc.
So what di I do now the get Photoshop Elements v2 running? When I try to open it from the desktop icon , the icon in the footer bar or from the program list in the Start menu, ABSOLUTELY NOTHING HAPPENS.
Ken Lake Sr