Adobe Premiere Elements 11 Crash Issues (Adobe Premiere Elements has stopped working)
Solved! I'm just answering this question in case someone has the same issue...

Short Story:


Update your graphics card drivers. (All of them!)
If you have more than 1 card be sure the stronger one handles adobe premiere.


Long Story:

My laptop has 2 graphic cards 


Intel HD Graphics
NVIDIA GeForce GT 330M


First I updated the driver of Intel HD graphics by uninstalling it from Device Manager (which is a bad idea as the screen disappears any way) then restarted my computer. Than Windows found the driver, installed it Restart number 2. 

Now I tried Elements, great it worked! But... consuming 7.5 GB of RAM!!! (Virtual and Physical combined)

This time I don't know why, I just had to try it, I updated my NVIDIA driver (which had 2 updates) and from NVIDIA console I marked Adobe Premiere Elements.exe to use the NVIDIA graphics card.

Than I tried it and Elements worked perfectly...