The problem is with buying kit that act as preventative measures, most of the time you don't know if they've just saved whatever you were trying to protect.
I had a power supply go bang once as a result of a power spike, I've used relatively decent (read: a little more expensive than the average price ones) surge protect 4/6-ways since then.
I had one surge protect 6-way go bang when a power surge > 30 amps blew the 6-way and a fuse in the house's fuse box, no equipment I was trying to protect was damaged though. I think it was the result of the fuse in the fuse box being too old and not tripping immediately that caused a surge way too large for the 6-way to handle.