Very pretty - must have been a wonderful time! I can't help you with the white balance, exposure, etc., within Elements because I don't know Elements, however I'm sure someone else on here can. I bet this can be tweaked to really look as fantastic as it did that day - love the heeling of the sailboat!
I had to sell my DSLR and an extensive lens collection early this year (and I wasn't shooting much anyway), but kept just enough to grab a discounted G1 and a couple of lenses. Thanks to Panny for releasing the G2! I was using CS3, but it doesn't handle G1 RAW files. SilkyPix is awful so I evaluated several free options and PSP before settling on Elements.
No regrets, it does everything I need and more. I am working through a Scott Kelby book and finding Elements to be a bargain powerhouse for budget shooters.