My example is indeed power related, and has everything to do with quality. This "300W" PSU should easily be able to handle my system, yet it doesn't (System is currently at stock speeds, too).
Granted, it may seem that there is no difference between a high-end brand and a low-end brand, but I assure you, the difference is huge. Have you ever seen burst caps on a cheap motherboard? Is it so unreasonable to expect that the same couldn't happen to a cheap power supply? Just because you've been lucky, doesn't mean your luck will continue.
A low-end PSU can also be the source of mysterious reboots, in that their power regulation is not constant. For example, just Thursday, I watched another cheap 300W PSU dip in and out of the ATX standard for the 12v, including the 5% tolerance allowed (It was falling to 11.36v and then back up again). And that was sitting completely idle. Not only is it bad for stability, that kind of poor regulation can damage your components.
Note, too, that I say high-end brand, and no expensive. There's also a difference there, though, in general, the more you pay for a PSU, the better off you and your components will be. I also don't see how you can believe that it's coincidence that such a large number of Hexus users have had disastrous experiences with Q-Tecs.
A high-end PSU will definately protect you from brownouts and spikes. By using quality caps, they ensure even current, even through spikes and dips, and Active PFC dampens these effects even further. I speak from experience, having a dip where even the monitor and lights turn off briefly, but the UPS-less machine kept on going, the caps on its high-end supply keeping it going long enough for the power to return.
Lastly, a little analogy. Using a cheap PSU to power you very expensive PC equipment is like buying a sports car chassis, fitting it with nice wheels, windows, lights, luxury seats, and then putting a lawn-mower engine under the hood.