I'm currently building a new site for the Manitoba Choral Association. The current one was built in 2005 and, needless to say is quite dated. It was one of my first pro websites.
In redesigning some of the logos, I needed to put some spacing between letters (tracking) but PSE does not allow that. I did a little search and found a small but pretty powerful add-on. Elements+ reveals hidden functions in Photoshop Elements that allow its feature set to approach the full Photoshop feature set.
I'm not sure if I'll ever use it again but it certainly did the job at hand. Cost $14.