Premiere Elements comes with 21 themes for creating InstantMovies.
If you subscribe to a Plus Membership with Photoshop.com, you will have access to an additional theme ("Yearbook") with more content promised to be released regularly.
(A Plus Membership also gets you 20 gigs of online storage space rather than 2 gigs as well as additional transitions, titles and DVD/disc templates.)
Subsequent question. Are there other "editions" of Premiere that have "more"? If so, what editions, and how much many more? Are there commercial places that sell them?
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Unlike Pinnacle Studio and some other NLE programs, PrE has one "edition." The only difference in Functional Content is, as Steve pointed out, in the Adobe.com "membership." Some have commented that the "Plus," or whatever it is called, membership has yet to include the promised additional content. I assume that there will be more Menus, Themes and the like, in the future.