I have a "Square D" lightning arrestor to ground on my main panel and nothing else seems to have been affected by a "power surge" if it occurred and I certainly have sensitive electronics powered on, things like 24/7 fiber optic modems (still subject to power glitches) and $6000 video systems (lcd).  In the future, I do not intend on leaving on 24/7, this is just asking for trouble.  I listen primarily on weekends, so should not be an issue.  I will switch off during the week, totally disconnected power via a physical disconnect at the amps.