I live in a very bad area for electrical storms (had one last night actually) so we use a whole house surge protector as a safe measure and use basic outlet strips to hook up multiple items that happen to have surge protection built into them. However, even with a whole house protector won't save you from a direct strike so I unplug a lot of stuff if they are really, really bad storms as that is the only way to surely protect your belongings. I don't use power conditioners.

I’m armed and I’m drinking. You don’t want to listen to advice from me, amigo.

-Max Payne