I have tried installing Adobe Premiere Elements 1.0 (not tried 2.0, but there is no entry for 1.0, although I submitted one for it earlier), but it will not install. The program comes on two CDs and after the installation starts from the first CD, it requires the second, but when putting the second CD in, it does not read anything from it. I also tried copying everything from both CDs to the hard disk and installing from that, but it would not work. The best I could do was to get as far as the installation screen and starting the install, but it could not find the second CD. But most attempts to install just resulted in an error and nothing happening.
I would assume that with Premiere Elements 2.0 the situation might be the same, unless the installation media is on one DVD, then maybe it would work.