biking1000, thank you! Yes, all 3 methods that you described work a lot easier than the Adobe Bridge method - the only method that I was familiar with. So, there are 4 ways of importing iPhotos into the Photoshop Elements project bin! Are there any other ways?
Yes, from within iPhoto. While in iPhoto, go to iPhoto preferences, and set "edit photo in" to external editor, and then you choose PSE. While I'm there, I also select Double-clicking edits photo. Close out preferences and double click a photo. You'll see it launches PSE with your iPhoto photo. Close that out and go back into iPhoto preferences, and select "edit photo" in full screen.
Now, when you are in iPhoto, you can edit photos one of two ways -- you can double click, and edit within iPhoto (for simple stuff like cropping, red-eye, etc.) or you can RIGHT CLICK on a photo, and choose the menu choice "edit in external editor", and it will launch your photo right into PSE.
After your edits from within PSE, close the photo and it will prompt you to save. Accept it's default location, and the saved jpg will show up in iPhoto again.
Hope that helps.