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Technically, no. Although you may be able to run it in 32-bit compatibility mode -- but even that might be a bit iffy.
Unfortunately, with 64-bit operating systems, the operating systems are leading the software manufacturers for now. It will be a while, most likely, before they start creating software that will take full advantage of it.
But, for now, I wouldn't recommend you use Premiere Elements on it.
I upgraded recently to Vista 64. I have been using PE 3.0.2 and I have found that some of the features do not work. For instance - I have found that I cannot capture video.
I was considering purchasing PE 4.0, but it looks like it is not Vista 64 compliant either. I submitted a support ticket to Adobe to find out if PE 3.02, or 4.0 could be used with Vista 64. They refused to answer due to - It's a fee to find out that info.
Guess we need to look into other packages. Disappointing that I WAS considering purchasing a new version, but they can't give me the info. It must not work either.
Software support to 64-bit operating systems is at least a year or two away, unfortunately. And that goes for even pro versions of the software.
It's kind of a shame, because 64-bit Vista will ultimately unleash a lot more of your computer's power. But, for now, you simply can't use 64-bit operating systems with any intensive program without problems. Sorry.
I did the upgrade before I got a chance to see the feedback and yes, I discovered that I can't capture. A shame...I am back to 32 bit for now.
Anyone know if PE 7.0 will work with 64 bit?
I do not believe it does, Brian.
I've heard that the pro versions of some of Adobe's products will go 64-bit next year. I'd expect the consumer versions to follow.