I bought Premier Elements expecting to get Elements functionality (basic photo editing) with enhancements. But Premier does not appear to have basic photo editing capabilities of the generic Elements. Did I misread the advertisements?
I'm not sure what you mean by "generic elements". There are two separate programs: Photoshop Elements, which is for editing still photos, and Premiere Elements, which is for editing video. PRE is just for video, PSE is just for stills, pretty much. You can buy them bundled together, which is perhaps what the ads you saw were talking about.