I have the same problem on Win 764 pro using Photoshop Elements 12 and Premiere Elements 12.
Faulting application name: PhotoshopElementsOrganizer.exe, version: 12.0.0.0, time stamp: 0x5314d4d4
Faulting module name: QtCore4.dll, version: 4.8.1.0, time stamp: 0x522509e6
Exception code: 0xc0000005
Fault offset: 0x00051454
Faulting process id: 0x778c
Faulting application start time: 0x01cfa36b4adc48da
Faulting application path: C:\Program Files (x86)\Adobe\Elements 12 Organizer\PhotoshopElementsOrganizer.exe
Faulting module path: C:\Program Files (x86)\Adobe\Elements 12 Organizer\QtCore4.dll
Report Id: b864b7d8-0f5e-11e4-8c24-c86000a4a457
Also Photoshop Elements Editor just disappears after intit with no error message. Same when trying to invoke from organizer. Tried to download/install 12.1 update for PE but hit the error code U44M1P2003.bug. Tried all suggestions with no help. All of these issues have been around quite a while and Adobe has done nothing but waste my time with unanswered questions and non productive chat sessions. Massive goat rope.