Sony Vegas Pro 11 vs. Adobe Premiere Elements 11?

I'm getting into video editing and I'm stuck between these two software. Hoping to hear from someone who has experience with one or both, which one would you recommend?

Firstly, whichever I'll buy, I'll be running it on a PC with a 1.6GHz graphics card (AMD Radeon HD) & 6GB of RAM. I have plenty of memory.

The biggest reason I'll even be buying video-editing software is for animation purposes. I like to create 2D CG (computer graphics) & VFX (visual/special effects), and whichever best allows me to do that is the one that I'm definately going to side with. It also has to support the creation of text over imported video as I plan on doing some subtitling, as well.

Please do not try to sell me on Vegas Pro 12 - nothing on this Earth could get me to drop $500/600 on software right now. It's just a hobby, not my job.

Please provide reasons for your recommendation. BA gets full points.

Thanks for answering!