For the price, I don't think you're taking much of a risk, seeing as you get the same warranty as you would with some of the bigger name stuff. The unit looks to be well built. It just appears that they couldn't compete with other well known companies, so Phillips bought them out. Here's a user review I found on ANANDTECH:
"Discontinued model from last year, they tried and failed to get into the high end market dominated by Monster/PS Audio/Furman/Panamax.
MSRP on the 10 outlet model was $220, currently selling for $59.99/free shipping. They have a smaller 8 outlet model for a few dollars less, and a larger 12 outlet unit for $71.99. I think this 10 outlet unit is the best for the price. I ordered it las week, it took about 4 days to arrive. The build quality is very good, and it looks like something that belongs with my fairly nice home theater equipment.
To my ears, I feel there is a slight increase in sound quality with this in the loop.This is using digital out from an Oppo SACD player to a JVC RX-D702B digital receiver, out to some Definitive Tech Mythos 1 speakers. It may well be placebo, and certainly if you don't have a fairly high end system it won't have a noticeable improvement. But even if it is all in my head, I am still getting beter protection than my old Belkin surge protector, and it certainly looks cool."
Obviously, this is just a user review, so I wouldn't put too much weight on it, but I have seen a number of them just like it. The bottom line is if you're looking to save a few bucks, it looks like a good way to go, IMO.