Adobe has not said anything in this regard, so any definitive answer would be speculation.
However, a number of folks have educated guesses and "wish lists"
Photoshop Elements 10 is not update, it is newest and best version of this software.
Layer > Layer Style.
Photoshop Elements is Photoshop but with less features, so Photoshop is better but it is professional level software. For home use or to get started Photoshop Elements is OK.
No Photoshop CS5 and Photoshop Elements are separate programs.
Well Photoshop Elements is basically Photoshop, but that everything is already ready there. it's like easy version of Photoshop.
Actually, photoshop elements is already released.
No, Photoshop Elements does not have Contour.
Barbara Brundage has written: 'Photoshop Elements 4' -- subject(s): Adobe Photoshop elements, Digital techniques, Image processing, Photography 'Photoshop elements 6' -- subject(s): Adobe Photoshop elements, Digital techniques, Image processing, Photography 'Photoshop Elements 8 for Windows' -- subject(s): Adobe Photoshop elements, Photography, Image processing, Digital techniques
It's not known because Adobe hasn't said anything about it, but it's possible that some features from Photoshop CS5 will find their way down to PSE 10
Click Organizer in top right corner of Elements window.
Yes, you can create animated GIF in Photoshop Elements. See related link for tutorial.
Adobe Photoshop Elements 11 is the February 2012 release of Adobe Photoshop products.