Depends what you're planning on doing with it really. If you're just using simple chops, cuts and pastes and so on, you'd probably be ok with Premiere Elements v2.
I'm not sure what the DVD authoring is like on V2 though - I believe it has been upgraded from version 1 (I have version 1 and the DVD authoring is very limited)
What sort of things were you planning to do?
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