On a properly powered computer (at least a 2.6 ghz dual-core with 4 gig of RAM), version 8 should work just fine on Windows 7 32-bit editing all but AVCHD and non-standard video (ie, video from still camera, video from Flip cams, etc.)
The big "if" is the 32-bit version of the operating system. Many people are reporting problems with Windows 7 64-bit and Premiere Elements. This is likely related to the 64-bit drivers not yet being compatible with this 32-bit app.
Thank you for your response. I have Win7 Home Premium 64-bit on my HP pavilion Elite e9280t. It has 8 GB of Ram and an Itel i7-920 processor. Can't seem to find the speed on the specs. BTW the Elements came with it although I had planned to purchase it separately.
Anyway what I think I'll do is see if I can capture some video and go from there.
paulette28 - I am running (trying to run) Pre8 on a Win7 Professional, 32 bit machine with 4GB RAM. I don't have all my specs at hand but my setup is not 'exotic' by any means. I am one of the many people who are having trouble with this version. My system drivers are up-to-date but the program will not re-start after closing. I have not had time yet to try all the suggestions that other Forum users have suggested. I did try all the suggestions that Adobe Support suggested the ONE time they responded to me but it did not make any difference. Good luck.