The Dual Monitor Workspace option in Premiere Elements breaks the Timeline off into a separate panel so that it can be moved to a separate monitor.
That is the only panel that can be separated from the rest of the program.
But where is it - the dual monitor workspace option?
I search forum, and a post in march, obviously PRE14 or earlier - referred to a View menu with these option - but have no View menu at all in PRE15.
I looked for pin/unpin things - but found nothing yet.
Searched manual for dual and monitor - not a single word.
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Have you looked under the Window menu?
Quick view - nothing.
Expert view - eureka, there we have it.
I can't believe there wasn't one word in manual about it.
So changing back to quick view you have to resize main window, if you made room below for longer floating timeline.
But Quick view has Restore workspace - which means nothing in that view, since nothing changes as you see it.
Anyway, if spending length time in expert view, good to know you can use that floating thing.
Mystery solved, anyway.