I may be the last one to the party, but did you know...

After you apply the shadow, double click the fx button on the layer. It brings up the fx menu. While that menu is up, you can drag the shadow of that layer around

Well I'll be!! I've been using PSE for a million years and had no idea! Works like a charm, so awesome!
 
Alexis, I don't think there is a warp in PSE but you can always use the smudge tool. I used the smudge tool in PSE and still use it in CS5 because it gives you more control than the warp tool. I put my settings at 50% but that might be a little too strong for beginners when using it. I used to have it at 20% when I started, now that I know the ins and outs of it I put it at 50%.
 
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