"That is correct.
If a company says their SPD will protect your audio equipment from a direct lightning strike I suggest reading the small fine print."
Thats a good point too. Making a line conditioner that can't hold up to a lightning strike is not something that a company wants to admit. In defence, though, most of the good companies that offer a guarantee, have a policy in place to back it up. You do have to read the fine print, but its likely that you will be asked to to submit documents like the Dec page of your HO policy, pictures, sales receipts, etc. Basically, they are acting like an insurance company. They're willing to bet that the sale of their conditioners should easily offset any damage to components that they end up paying out. Its a model that does work for them. Personally, the only issue I have with the whole thing is that they should be more upfront about this. Customers may never read the fine print and most retailers will not bring this up during a sale (if they even know). Its very easy to see how a customer can overlook this.