I have been toying with the idea of a digitizer for some time now. Working with the palette and pen seem to be a much easier way to get some of the advanced effects done in Photoshop. The only thing holding me back was the relatively high price of the digitizers. While wandering the aisles of Fry's Electronics last weekend, I came across a product called Bamboo. It is basically a 3X5 digitizing palette, with mouse and stylus pen. For $99.00, it included Adobe Photoshop Elements 4.0 for the Mac, and some great add on software for brush effects etc.
Integration was a snap, with the palette being recognized before any software was even loaded. I have loaded up PSE 4.0, and can't wait to do some serious photo editing.