Issue
When you download and install Adobe Photoshop Camera Raw 4.0, you can no longer import photos into Adobe Photoshop Elements using the Photoshop Camera Raw dialog.
Solution
Revert to the previous version of Photoshop Camera Raw.
You can revert to the previous version of Photoshop Camera Raw (Camera Raw 3.7) by downloading it from the Adobe website at www.adobe.com/support/downloads/detail.jsp?ftpID=3591.
The Photoshop Elements 4.0.1 update will be available for download in May 2007. This update will allow you to use Adobe Photoshop Camera Raw 4.0.
Additional Information
Adobe Photoshop Camera Raw 4.0 is included with Photoshop CS3 and is available for download from the Adobe website.
Photoshop Camera Raw 4.0 provides support for the Panasonic Lumix DMC-FZ8 camera.