remember this shot???
well I was playing around with my Photo shop elements ( I have version 6) and did this:
Fun isn't it??
and it was sooooooo easy too.
here are the steps:
First open a picture in elements
make the view large so the area you want to have highlighted in color is easy to control
then take the magic quick select button which looks like a wand with string on it
go around the object (careful it like to enclude lots of stuff bigger image easier to control)
then on the top tool bar pick select then inverse
then pick enhance and convert to black and white
from here you can play with the shading a bit
really took less then a couple of minutes. TRY it I wasn to see what you do