Well i saw someone here on CL wondering about Elements 7 and here
It will be available from October '08, and will cost around $99.99. Elements 7 and Premiere Elements 7 (a complete video-editing solution - released the same day) bundle also will be available for $149.99.
For the first time, Photoshop Elements 7 customers will have the option to sign-up for one year of membership on Photoshop.com, extending the capabilities of the software by providing helpful templates and creative tutorials delivered on a regular basis. Other benefits include: automatic online backup and storage of photos and videos, access to photos and videos from virtually anywhere, and interactive options to share memories with great impact.