As most folks on these forums know, I am a bit of a Ulead enthusiast, but recently I installed a trial version of Adobe Elements. I was well impressed, certainly worth consideration. I particularly liked the user interface.
I might even buy the full version just to treat myself.
COMPAQ something or other with 500Gb Boot Disk, 1Tb external Firewire Disk, 4Gb Memory and a super duper sound card, 19" TFT Monitor etc etc etc
Sony TRV33e : Sony TRV310e : Canon XM2
Sony Vegas Studio editions to v11
Remember, there is always more to learn than there is to teach.