Vista Tutorial - Photoshop Elements 5.0 with Windows Vista operating system

I'm using photoshop elements 5.0 with Windows Vista Operating system.

The PSE was working just fine a few months ago, then all of a sudden, when I
go into the "view and organize" section, none of the thumbnails load up. I
have the icons for the little hour glass, and this is quite annoying and time
consuming to click on each one, and not be able to see at a glance the
pictures I want to choose for editing.

I've tried the update patch from the adobe web site, and still this doesn't
work. I don't want to grow to hate the windows vista, I think there's lots
of good qualities to it, but I'm a scrapbooker with limited time. I want to
edit my photos pronto, and the lack of thumbnails is making that difficult.

Please help.