A painless return?

I used to use and love Premiere years ago in the days of LE4.1, but changed to Pinnacle Studio when I had to get a new capture box (the Pinnacle Studiobox 700-USB).  I've found Studio a pain ever since...
As I type, I'm downloading a trial of Premiere Elements 8 but wonder whether it will work on my oldish PC, whether it will co-exist for a trial alongside Studio 12.1 and whether it will be more stable than Studio...
(PC spec 3.4GHz Intel chip;  3GB RAM;   strange Readon X700SE video card (about which I can find out very little);  lots of external (USB2) HDD space.)
Any comments, please.  Is it safe / wise to return to the fold???
Regards,
Les Bowker

Les,
Welcome to the forum.
There are some considerations, as to PrE 8 working on your computer. First, you will also need adequate internal HDD space. Please tell us more about the internal I/O sub-system, i.e. the internal HDD's. More detail is better, than less.
Next, tell us about the material that you wish to Capture, and if you plan on using the Pinnacle A-D bridge to do this. Most likely, you will need to use Pinnacle Studio to do this Capture through the Studiobox 700, but details will direct us there. Also, the material used as source footage will tell us more about whether your computer is stout enough to work - AVCHD material, for instance, will likely be too much for your computer. Otherwise, if you have the latest drivers for your ATI Radeon and for your Audio card, plus a very recent version of QuickTime Player. [Note: some have had issues with the 7.6.x versions, but 7.5.5 is still getting good reviews. Normally, I'd say just get the latests, but the two most recent "latest" versions seem to be heavily flawed for many using Adobe programs.
Last, I cannot address Pinnacle Studio and PrE 8, but can say that PrPro 2.0 worked fine with Pinnacle Studio 9.4.3 and also with Studio 10.1. I did not go any further with Pinnacle Studio, and never had PrE (any version) on that computer. Still, I had PrE's big brother (a few generations ago), and two older versions of Studio with no issues. This does not directly address your situation, but would give me hope that they could coexist.
Good luck,
Hunt
PS - I found that using USB 2.0 externals to edit to/from to be frought with problems. The main one was delayed write failures of the USB external, plus the speed was agonizingly slow. FW-400 was more stable, but still slow. FW-800 was excellent and I still use these to edit to/from and shuttle between computers. Using eSATA externals would be even better. In this case, YMMV (Your Mileage Might Vary), and only you can decide whether it works for you. For me, USB 2.0 externals are only good for archival storage and not dynamic editing, but that is my personal experience.

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