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There is no version of ACR for Photoshop Elements 2.0. The Camera Raw technology was not introduced until version 3. Your best alternative would probably be to purchase the most recent version of Photoshop Elements. Then you would be able to take advantage of all the new technology in both ACR and Photoshop Elements.
Be aware, however, that ACR is somewhat limited in its capabilities when running under Photoshop Elements. Even so, the latest version adds some very nice features.
You would need at the very least Elements 3.0 in order to run ACR 2.4.
Short of upgrading, you can't use ACR at all.
Jim posted while I was still double-checking. :)
Thanks for the quick response.