PSE 3 Print warning message

I'm using PSE 3 on OS X. My images are RAW 4048 x 3040 pixels. I open the image in PSE using the RAW converter. When I try to print at say 8x10 inches the Print Dialog displays the message "Image will print at less than 220 dpi at the selected size. I have to go to less than 50% before this message disappears. This surely cannot be right? If I print from PhotoShop 6 at 360 pixels per inch resolution I can print at 8x10 inches with no problem. My printer is an Epson Stylus Color 740 and I have tried both the Panther Epson drivers and the latest GIMP drivers. Anybody else seeing this problem? My gut feeling is that PSE is incorrectly reporting this message when it shuldn't and I can probably ignore it. Further weirdness. If I choose 12.7 cm x 17.8 cm (one of the built in print sizes it displays the scaled print size as 41.5% and the warning message is not shown. If I now change the scale to say 70% then no warning message appears!! Even if I go to 100%! Flakey or what? Or am I missing something. Anyone else seeing this behaviour?

Paul.....

Many of us have seen this and believe it is a bug in Elements 3.

I think you're safe to ignore it.

Colin

Thanks Colin,

I've been looking for mention of this issue online for a while now but hadn't found anything specific so thought I'd try posting here.

Paul