We've got it here, it's not bad. However I can't see an option to export flash video for embedding in web sites.
If anyone has the latest versions of Camtasia Studio, You can convert to .flv using that. Sony Vegas Pro is amazing for editing. doesn't come cheap though.
Premiere Elements is a pretty big download but IMHO is a good choice for you. The single user educational price is around £35 but you may want to get the installation disk rather than downloading, as it has a extra goodies. There are loads of useful effects, creating titles is easy and effective and it burns a cracking dvd, along with a wide range of cutom and preset output formats. The educational single user licence allows you to install it on two machines, provinding they are not used concurrently.