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Pros: Allows you to make most adjustments to your digital pictures but still omits chromatic aberration tool (color fringing), which is needed to fix almost any picture taken with a zoom lens 5x or longer.
Cons: I went from Elements 8 to Elements 11 and found little change in the editing tools. A glaring omission is the tool for fixing chromatic aberration. This tool is desperately needed for photos shot with amateur cameras. Raw adjustment tools have been upgraded so hopefully that will make it worthwhile.