Need help getting photo/video software?

I just got a Sony DSC-H55 camera.  With having a nicer camera now I want to do more with it.  My old camera I was very linited on what it could do.  This new one shoot at 1080P, has nice zoom, and 14mp.
I am looking for some software that I can use for editing pictures and video.
These are my laptop specs.
[url]http://h10025.www1.hp.com/ewfrf/wc/document?docname=c01555877&cc=us&dlc=en&lc=en&jumpid=re g_R1002_USEN[/url]
Stink I can not afford to build nice systems right now.
I go to a lot of car meets and do a lot of our door events.  That is what my camera is used for most.  When I shoot video it will be a lot at the track.
I am thinking of either Roxio 2011, PhotoPlus X3/Movie Plus X3 Bundle, or Adobe Photoshop Elements 8 & Adobe Premiere Elements 8.  I just do not want to open the software and find out my laptop can not handle it.
Adobe is first on my list.  I want to make sure my laptop can handle it.  I just wish I could find a trail verson.

The PSE/PRE trials are right here:
http://www.adobe.com/products/psprelements/
Just click the link on the right side of the page.

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