Question about ULEAD VideoStudio

Folks,

I've been using Pinnacle Studio 8 for my video editing and it's been
somewhat limiting (as you can imagine).  I'd alo had a number of
problems cutting DVD's, but at least at the moment, that issue seems
to be sorted out.

My video editing is limited to consolidating a years worth of home
video tapes into a 1 hour DVD with DVD menus.  I also cut a few DVD
and MPEG movies from time to time for folks when their kids are part
of an activity my son is involved in.  I don't need professional level
tools, but I prefer working with good quality tools in any case.  I've
used Studio 8 enough to know that it absolutely does not classify as a
good quality tool :-).

I've just built a new computer that will be primarily used for video
editing.  The system is pretty well setup and would be considered a
high performance system (at least for the next 6 months).  Now, I need
to figure out my new direction for video editing.

With the new DVD burner I picked up with the new computer, I received
a copy of ULEAD VideoStudio 7 SE and have been trying it out a bit. 
Compared to Studio 8, I'm impressed.

I've done a bit of research between ULEAD, Pinnacle and Adobe Premier.
 Pinnacle seems to always come out on the short end (not surprising
considering my experience).  It appears that ULEAD comes out
reasonably well compared to Premier in general (religous wars not
withstanding :-).

That's a long intro to a few basic questions.

1) What's the difference between the "SE" version of VideoStudio 7 and
the "full" version.  The SE versoin seems to be reasonably complete
from what I can see and it's got about the same level of capabilities
as the full consumer version of Pinnacle Studio 8, but I haven't dug
in yet, so that may not be an accurate perspective.

2) What's the difference between the full version of VideoStudio 7 and
the Pro version?

It appears from the CD provided with the DVD burner that ULEAD has a
few tools they provide.  From what I can tell, it appears that the
product fall into the following categories:

Movie Creation Tools:

  VideoStudio 7 - more flexible and complete tool
  MovieFactory - a simplified movie creation tool that backs up to
VideoStudio
  PictureShow - an automated method to create slideshows of pictures

What I can't tell is what's provided with the consumer version of
VideoStudio.

I suppose my overall question is, for my application - does the
consumer version of VideoStudio make sense?

Looking forward to any replies folks may have.