OK. Let's get a few terms and concepts straight here.
Most electronics need what's known as a line conditioner. Basically a baby UPS (Uninterruptable power supply). They take in line power, and then feed your device power from a battery. So any spikes or brownouts get smoothed out by the battery, and therefore can't jack your equipment. The battery itself isn't designed to feed power if nothing's coming TO it though, so during a power failure, it shuts down as well.
A UPS is one step up from a line conditioner. It has enough power stored so that if power does drop, it can sustain computer operations enough to perform an orderly shutdown, or even keep working for a few minutes to a few hours. However, they're not designed to keep EVERYTHING running.
For devices like printers, speaker amplifiers, and other peripherals, a ine conditioner should be siufficient Some UPS boxes have outlets that 'drop' when power goes down, just for such devices. For things like home stereos or TV's, a UPS isn't really necessary... you might want a clock radio available to listen to emergency broadcasts or news, but that's about it.
If you have a broadband connection, you might want to put your modem and/or your router on the UPS as well, so that your network connection doesn't get jacked when the power goes.
Keep in mind what you're willing to do without when the power goes, and what you need to stay running. The stuff that stays running should be hooked to a UPS, the rest can go on a line conditioner or (absolute minimum in my book) a surge suppressor.