check this page:
http://store.purplus.net/digitalimaging.html
PS elements 5 for $34

I use it all the time. It does layers, stylized layers and all that fancy stuff. Has a ton of filters. The only thing I find not good is that PSE3 that I use does not support the full color spectrum. It only has 256 color support. PS 6 does..not sure about 5.

Humankind has not woven the web of life. We are but one thread within it.
Whatever we do to the web, we do to ourselves. All things are bound together.
All things connect......Chief Seattle, 1854