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The best PRE8 offers is 1080i. Hopefully Adobe will implement 1080p for PRE9.
Insanity is hereditary, you get it from your children
it isn't so important for me.
I just wanted to know.
As others have explained, Premiere Elements 8 (PE8) does not support 1080p out of the box.
I created some custom presets to add 1080p (and other) editing modes to PE8. These are 'experimental' (as in there is no guarantee it will work for you). The 1080p25 and 1080p30 presets should "just work" without any extra effort on your part.
The 1080p24 preset is a different story...Most camcorders don't store the 24p signal as a 24p bitstream. Instead, they run this convoluted process of converting the sensor's 24p-signal through a pulldown-algorithm, and the result is stored in an interlaced-bitstream. PE8 cannot 'recover' the original 24p sequence from the interlaced-bitstream (the 24p frames are in there, but they're not marked as such.) So when you try to import this kind of footage into a PE8 project, the video suffers all sorts of visual problems (skipped frames, duplictaed frames, horizontal lines, etc.) The only solution around this is to use a third-party deinterlacing program, which adds considerable time&expense.
Now if you happen to have one of the handful of "native 24p" or "true 24p" camcorders (Canon HV-40, HF-S20/S21/S200, Panasonic SD9), these camcorders record the 24p-footage in a true 24p bitstream. PE8 will import these just fine, without any extra effort on your part. (Likewise, the Canon T2i/550D, 7D, and 5D Mark II record 24p in a true 24p bitstream.)
If you're interested in trying the progressive-scan presets, download them from this link:http://forums.adobe.com/thread/605768?tstart=0
How do you intend to export what you put on the Premiere Elements Timeline?
Today a lot of talk about importing progressive video into Premiere Elements for editing using additional project presets, but not so much discussion on what you are going to do with it with regard to export after you edit it.