How far back is PhotoShop Elements upgradable?

My friend says he received a copy of Adobe PhotoShop Elements which was bundled in with his Epson Perfection 1650 scanner than he bought in 2002. He says he never installed it, as he thought it was full blown Photoshop which he knew was too complicated for his use.
He has been using Picasa as his digital editing software up until now. I knew that it couldn't be Photoshop that was bundled and have googled and confirmed that it was Elements. He is considering buying a DSLR and I am sure PS Elements will be a better fit for him, especially if he gets in to shooting RAW.
Will he be able to install this program and then pay for an upgrade? Or are the versions of PSE bundled with scanners and un-upgradable version?

My friend will be purchasing a Canon 40D which I think comes with Canon software rather than PSE. He has seen what results I get with RAW and probably will use ACR rather than DPP (if he listens to me).
As a member of NAPP I can get a one-time discount on Adobe products. Maybe he'll join NAPP as well and get a discounted PSE upgrade and then a CS4 upgrade at the same time.
Sorry but I didn't understand what you meant by "look around for the best price on the current version, even if it doesn't include an upgrade coupon". Did you mean look for current PSE sales other than Adobe Store? Would they be cheaper elsewhere?
Thanks for all help!

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Greg Date: Wed, 13 Jun 2012 16:46:55 -0600
From: [email protected]
To: [email protected]
Subject: How are pictures in Photoshop elements 9 linked to program?
    Re: How are pictures in Photoshop elements 9 linked to program?
    created by Ohboy108 in Photoshop Elements - View the full discussion
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How far back is PhotoShop Elements upgradable?

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