I am dying here....I have nothing running accept Prel3 and my system shows low memory and it takes 3 minutes to move the curor.
I saw this on another post and wanted to try it, but want to make sure nothing will happen if I go in an delete the below files. I figure they must be needed for something.
I don't know if this will help you but I was having a horrible time with a project I just completed. I couldn't render the files because it kept crashing, sending error messages, etc. I was told to delete the Adobe Premiere Elements Preview Files, Encoded Files, and Media Cache Files. My problem was low system memory but after I did all that, ran a defrag and restarted the compute, I was finally able to render the project and burn it to a folder. This is Prior Versions under render files. I hope it helps.