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I've been looking around for a used version of Photoshop on eBay, but all that shows up is Photoshop Elements and CS2. When people say Photoshop do they really mean Photoshop Elements? I thought the two were different, but maybe not...
Photoshop Elements is a stripped down version of Photoshop CS2. The CS2 means it's from Adobe Creative Suite 2. Adobe releases new versions of Illustrator, Photoshop and other programs together which make up their Creative Suite.
So basically, Photoshop CS2 is a more powerful photoshop and has more features and Elements is a more affordable version with less features.