Unless I missed it, one of the main advantages of an UPS was never mentioned - that is, most UPS built for PCs have a data connection and software - when the UPS senses that it can no longer hold your system up, it will "gracefully" save all open files, close all apps, and shut your system down. The more advanced software will hold the UPS off after the power is restored until the batteries have enough holding power again to gracefully shut the system down if necessary. XP has internal support, but of course, it is VERY basic.
APC is recognized as the leader. However, CyberPower, Triplett, even Energizer make various sizes. I agree with the one poster to get at least a 500VA - this will easily supply power to a PC, LCD monitor, and all your home network gear. I have a CyberPower 1250VA UPS that supplys power for 2 PCs (3.06HTP4, and XP3200), router, cable modem, WAP, and Print server, 17in LCD and 17in CRT monitors. When a squirrel decided to see what would happen if he stood on one wire and grabbed another (can you say Crispy Crittered?), I stayed up for 45 minutes and shut down because my room was getting too hot with no AC.
Note it you have a CRT monitor, and you want it on UPS, which is nice when you need to see what you are doing, I would get at least an 800VA UPS. CRTs consume too much power. In the squirrel story above, I let the CRT stay asleep until after I shut down my first system, then woke it up to power down the second.
IMHO, considering the cost of the PC and Monitor - not to mention the often unmeasurable cost of the data - NOT using an UPS is foolish.
As far as other uses, I have a 1500VA on my Home Theater system for the TV and Ampifier - which, in turn, protects my speakers, including the sub-woofer. It will run the big screen TV alone (which is how we usually watch it) for over an hour. With the amp on, cranked up watching a DVD, it will last about 10 minutes - still plenty of time to shut down.