Although Adobe Revel features were not included in Premiere Elements 14 (latest version), the Adobe Revel Team did announce that Adobe Revel in Elements Organizer and Adobe Revel in Publish+Share would remain, as is, in Premiere Elements 12/12.1 and 13/13.1.
Today I received an email from the Adobe Revel Team, announcing the discontinuance of Adobe Revel effective February 23, 2016. I have posted a thread in the Adobe Revel Forum asking for information on this specific to Premiere Elements 12/12.1 and 13/13.1 Adobe Revel features, not mentioned in the email.
Follow up Premiere Elements related information will be posted as it becomes available
Glenyse H (Adobe Staff) has just responded to my Adobe Revel Forum thread in which I asked for clarification on Adobe Revel discontinuance and Premiere Elements.
Please see post 1 in the following for the Glenyse H Adobe Revel discontinuance details and how they relate to Elements.