Despite the vague description and requirements on Adobe's website, Adobe Premiere Elements 9 for under $100 after rebate works natively with Canon T2i video. Quite a bargain considering Adobe CS5 Premiere Pro is hundreds of dollars more. Although not perfect, Adobe Premiere Elements 9 works with Windows XP 32bit operating systems. A bonus for people who have not upgraded to Windows 7. Here is my full review on my PhotoBlog...

Chad Soriano PhotoBlog: Adobe Premiere Elements 9 Review and Canon EOS Rebel T2i Video Test (http://www.chadsorianophotoblog.com/2011/02/adobe-premiere-elements-9-review-and.html)

This is the Canon T2i Video Test edited with Adobe Premiere Elements 9 on Vimeo...

Adobe Premiere Elements 9 Review with Canon EOS T2i Video Test on Vimeo

Until I can justify an update to Edius 6 I'll edit on PrE9. My last entry to UWOL challenge was edited on PrE9... The only problem I se is that it is hard to mix 1080/25p with 720/50p for slomo. but just to edit 2-10 min film I dos it's job... Plug-in for stabilisation works got too.
I would like to se a 720/25p timeline for DSLR so you could get the 720/50p slomo, and a plug-in for grading (Red Gigant don't work with PrE9, but it doesn't work with Edius ether).