How does? Follow my step
First install elements 3.0
Other open regedit save your reg-key
Save that elements.reg
[HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Windows\CurrentVersion\Uninstall\{851C6 7EF-068A-4060-9EF5-2E3DDCD68382}]
Add to elements.reg
[HKEY_LOCAL_MACHINE\SOFTWARE\Adobe\Photoshop Elements\3.0\Registration]
"NOTENOW"="0"
"NOTELAT"="0"
"NOTENEV"="1"
"PRODREG"=dword:65686669
@="c:\\Program\\Adobe\\Photoshop Elements 3.0\\"
"WPI"
cmd1[pn]=['%cdrom%\\Install\\Applications\\AdobePhotoshopElements\\AdobePhotoshopElements3.0.msi /passive /norestart']
rega[pn]=['%cdrom%\\Install\\Applications\\AdobePhotoshopElements\\elements.reg']
In order to skip that reg your software
In foldern Documents and Settings\userprofile\Application Data\Adobe\Photoshop Elemets\3.0\Organizer
creates man a file smiled.txt in smiled.txt
0 Photoshop Elements 3.0.0.199 Smiled (5) started 2005-01-21 10:59:05.330
15 RegisterConnect matched