The best replacement for premiere elements is imovie.

The best alternatives to premiere elements are rated as following:
★★★★★  imovie
★★★★★  premiere pro
★★★  sony vegas
★★★  premiere
★★★  pinnacle studio
★★  photoshop elements
★★  vegas movie studio
★★  sony movie studio
★★  vegas
★★  powerdirector
★  movie maker
★  final cut express
★  final cut pro
★  adobe premiere pro
★  pinnacle
★  lightworks
  cyberlink powerdirector
  corel videostudio
  imovie 11
  final cut pro x
  windows movie maker
  sony vegas movie studio

Your alternative for premiere elements is not listed? Suggest!
Speaking about premiere elements, one probably shouldn't forget about photoshop elements.

Other search terms related to premiere elements and their ratings are:
★★★★★ photoshop elements
You have in mind a companion for premiere elements and it is not yet here? Propose!



Google Trends

Scale is based on the average worldwide traffic of premiere elements in all years. Click on graph for more.
premiere elements
imovie
premiere pro