Heh... I always found it interesting when people would ask me about "Lightning Protectors"
I'd hold my fingers about 1/2" apart, and point out "This is about how far the leads are on the protection circuit. You think that after jumping 4 1/2 miles through the atmosphere, that another 1/2" is going to stop it?"
While surge protectors will offer protection against transient surges (stuff that happens, for example, when you plug your vacuum cleaner into the same outlet as the computer), the best protection that surge protection offers is their "Equipment replacement guarantee".
Additionally, most power surges DON'T come in through the power lines. More people are killed while on their house phone from a lightning strike, because those wires don't go through transformers, a breaker panel, and a surge protector before getting to you. I once saw lightning that had struck a phone line go through the computer, through the speaker output of the sound card, and blow up a receiver attached to the computer.
Another lightning strike I saw on a phone line blasted the phone off of the wall, and the cord that was running up the wall looked like detonated primer cord... nothing left of the cord, just a charred black outline where it used to be.
Anyway... enough stories... the next thing to do (as stated) is to unplug all drives, remove any un-needed cards (network card, modem, USB Devices, etc) and see if the system boots. If not, the least expensive thing to try next is the power supply. If that doesn't work, then it's the mobo/processor.
Just my 2¢
"What the captain doesn't realize is that we've secretly replaced his Dilithium Crystals with new Folger's Crystals."
--Greg