<< Moved to Premiere Elements >>
My observations on your questions....
Yes. You have full access to Content, BUT you have to download from within the program, going from category to category.
When you are at the thumbnail for a Movie Menu, Title Template, etc., you right click at the blue ban at the top of thumbnail involved and then opt to download for just that one or for all (all meaning all in that particular category not for all the categories).
If you get a chance, please check out my blog post on Premiere Elements 11 Content.
Please let us know how you are doing with the Content downloading. It can take a long time depending on your Internet Speed and the Adobe Server.
I think that I just answered this same type of question from you in another thread only moments ago.
Please avoid duplicate threads since they tend to be confusing for the people answering as well as the person asking the question. Often the person asking the questions can lose valuable information in the go between the threads.