Digital Camcorder News has posted a review of Premiere Elements 4. Here’s an excerpt:

Adobe makes it easy to create quick, appealing home movies with the latest installment of Adobe Premiere Elements. A slick interface, better integration with Photoshop Elements, and better support for Flash-based sites like YouTube make Adobe Premiere Elements 4 a great choice for video projects, but the current lack of AVCHD support makes it a product I cannot fully endorse for anyone wanting to edit non-HDV video.