Surge protectors and power conditioners - Good idea or bad?


Years ago, I bought added surge protectors and a power conditioner to my system, including surge protectors/ power filters to my Martin Logans.

Recently I revisited this idea and discovered that many people say to avoid the above, given it's rare to get hit by lighting and blow out your components and that both surge protectors and power conditioners can negatively impact overall sound.

Thoughts?
cdc2
I realize I keep harping on this but a balanced power unit will give you clean 120v power with no noise. As long as it provides sufficient instantaneous amp draw, there should be no problem using it for a power amp. For example, the Furman IT Ref 20I has 4 outlets that provide up to 80 amps peak power. Will your amplifier draw more than 80amps? Here is a statement from Equi-Tech on the model Q.

It drives amplifiers and other high current pulse type loads without skipping a beat. Power factor remains virtually stable regardless of the type of demand load.
Agree with falconquest; a balanced power supply is a great way to provide clean power.  The best use a massive laminated transformer to take the incoming AC signal and divide it into two perfect 60hz signals of opposite polarity which are then supplied to the left and right prong receptacles of the AC outlets on the unit, IOW, unwavering, constant perfect 120Hz signal to your equipment.   
It is always a good idea to have your equipment protected just for the sake of keeping it from harm and i have a power conditioner that never did anything other than help my sound people are writing a lot of strange things these days.
What else are you going to plug all those cords into? Power strips? They condition the noisy electric from the power company that causes lights to flicker occasionally. That power goes to your equipment. Wouldn't you want that smoothed out?
@cdc2 ... I live in South Florida where our summer thunderstorms are notorious destroyers of most everything electrical.and the thought of living without surge protectors and power conditioners is mostly terrifying for audio, video, computer and so forth. Fried two Velodyne 12" subs, fried a PS Audio power conditioner, fried two NHT subs and a couple of Blue Ray players. I used Tripplite surge and power conditioners on all my audio and video equipment but lets talk about the stereo system specifically. I upgraded from Tripplite to Audioquest Niagara 3000 in December with all the associated noise draining power cables. I’ll just say it was not an inexpensive upgrade and I’ve got my amps, tuner, CD/SACD, Streamer, DAC and Pre-amp on it. I live in a condo of a 168 unit building and between air-conditioners, fluorescent lights, refrigerators, microwaves, TVs and a ton of other electrical noise pollutants we have a ton of RFI and some EMI here to deal with as well. IOt made a significant difference to the plus side, sweeter more "real human" vocals, better imaging and sound stage layering and quieter black background. In my opinion it was a worthwhile upgrade at the level of resolution my system has. An added benefit is one switch turns everything on or off.  As a friend used to say about audio systems.. 80% of the sound costs 20% of the dollars, the other 20% of performance costs 80% of the dollars. Just my take on it.