Color Replace Feature in PRE 9 - can't find it ? Deleted from PRE 8?

Question

I found this information in Adobe's help for Premiere Elements 8:
Color Replace
The Color Replace effect replaces all occurrences of a selected color with a new color, preserving any gray levels. Using this effect, you could change the color of an object in a clip by selecting it, and then adjusting the controls to create a different color.
Replace a color
Apply the effect.
In the Tasks panel, select the effect and click the Edit Effects button. Then click the Setup button to the right of the effect name.
In the Color Replace dialog box, select the color you want to replace by clicking a color in the Clip Sample area on the left (the pointer becomes an eyedropper), or by clicking the Target Color swatch and selecting a color in the Color Picker dialog box.
Choose the replacement color by clicking the Replace Color swatch.
Broaden or reduce the range of the color you’re replacing by dragging the Similarity slider.
Select the Solid Colors property to replace the specified color without preserving any gray levels, and click OK.
Click Done 
HOWEVER - in Premiere Elements 9 - when you click the Edit Effects button there IS NOT "SETUP BUTTON" to the right of the effect name....??? Thus, there is no Color Replace dialog box, etc...... The only thing to the right of the Image Control effect name is the little stopwatch icon...
Am I missing something, or did something change in this version??
Thanks for your help!
Kim

Answer 1

Thanks for that clarification on the platform.
As for the screen-cap, that could be just a difference between PrE 8 and PrE 9, or could be a difference between platform versions.
Though it's for PrPro CS4, here is an old list of the "missing" Effects between the PC and the Mac. I am sure that things changed with PrPro CS5, and also for PrE, with PrE 9 for the PC and for the Mac, but look down at the Color Effects:
Remember, different programs (PrPro and PrE), and also a couple of years difference as well.
Good luck,
Hunt
PS - you will probably want to download the PNG, and open it in PS, or similar, to read it clearly.