I have problems wiith PI freezing, but it usually has to do with trying to open too many images at once, or too large a file. I have only 256K of RAM, and my hard drive is filling up fast, so it seems to be happening more often, lately. Probably because I have PI set to use extra space on the hard drive sort of like RAM. Backing up seldom-used files and finished LOs to disk and then deleteing them from the hard drive seems to help a little.
I have the first edition of Ulead's MyScrapbook. I don't know how many extras the second edition has, but I bought PI because I was frustrated with the difficulty of importing .png files onto my LOs without having a white border around them - it can be done, but it takes forever, not being able to just drag and drop. And there isn't much you can do with MyScrapbook in the way of creating your own elements. And it has only bare-bones photo-editing capabilities.

KayLynn