If you are really concerned about surges and want something that is not going to degrade with time then look for surge protectors that use a crowbar circuit. Called a crowbar because it has the effect of placing a metal crowbar across both wires.Crowbars use electronics to short the surge and get rid of the energy as heat. They are more expensive because it takes several parts and the design has to allow for some sort of heatsink to get rid of the energy.
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A Crowbar circuit is used in voltage regulators as a final fail-safe for over-voltage. The crowbar circuit guarantees that the regulator will shutdown if it malfunctions and the voltage gets too high. A good quality PSU has a crowbar on each rail. E.g. the 12V rail will have a 15V crowbar.
If for some reason the voltage on the rail goes above the threshold (e.g. a PSU malfunction causes the 12V rail to reach 15V) - the crowbar will trigger and short out the 12V rail to ground. The key thing about a crowbar is that the rail remains shorted until all power-flow ceases. In other words, the crowbar will force the PSU to shutdown - by shorting it out, until the PSU circuits either trip out due to overload - or if the malfunction stops the PSU from shutting down, the crowbar will keep the PSU shorted out, until the PSU blows a fuse or burns out.
This is very different to surge protection - which diverts the surge energy, during the surge - but as soon as the surge is past, the diversion stops.
The brickwall surge protector is interesting. It works by providing a high resistance to surges, preventing them from getting into your equipment. However, series mode surge protectors have their own problems - which MOVs don't:
They add impedance to the power line, which means that sudden power fluctuations (as occur when you plug in a PSU and its capacitors charge from empty) cause much larger fluctuations in voltage than when connected direct to the power line. They also provide zero protection against 'common mode surges'. These are less common - and many electronic devices are immune to small common mode surges - but large common mode surges are still destructive. Additionally, MOVs act to dissipate the surge energy in the building wiring - but series type supressors have no way to dissipate the surge energy, and so the surge remains more destructive elsewhere in the building.