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Jumping in late to this one, I've used Photoshop Elements and just upgraded to Elements 2 since I also switched to Jaguar on my Mac. Elements is $99 and has most of the features of the more expensive versions of Photoshop, especially if you pick up one of the how-to books with CDs, like Lynch's Hidden Power of Photoshop Elements 2. This has extra plugins to accomplish more esoteric operations.
It sounds from some of the comments here as though Cynthia's favorite program isn't available for the Mac, so it wouldn't be an option for me in any case. Elements is very intuitive and has lots of helper features to walk you through procedures as you're doing them; I think it's more user-friendly than the more expensive versions.
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