Adobe just announce the release of Photoshop Elements 9 and Premiere Elements 9. I know most of you prefer to use FCP but I think the Premiere product line deserves some visibility, especially since it can work with native H.264 files and is the only viable option for Windows users.
I have not played much with Premiere CS5 but I will give Element a hard try. My fear when working with files in delivery format, such as H.264, is that the color space is not big enough to handle filters without seriously damaging the image quality. So that is what I will be looking at for my test.
It also has a cartoon filter that I am curious about. I played with ToonIt from Red Giant Software a while ago and did not like the result so I hope this one is better.