So I can run to KMart and grab a power strip for $7.95 and plug in all my stuff?
I personally use 1 of these in each of my systems and never had any problems. The main reasons that I like this one:
1) Those pivoting outlets are really convenient.
2) It has a power switch (with a light)
Now, I don't "really" trust any of these low end "surge protectors", if that is what you are trying to achieve. I only use these for basically getting more power outlets (and the switch).
If you really want/need a surge protector, the only approach really worth pursuing is the whole-house surge protection systems ($$$). If you don't go that route and buy a surge protector, it's really more of a feel-good thing vs truly protecting your gear.
On a side note, if you have a projector, then you also really want it connected to a UPS system.