I have a powerstrip/surge protector that powers off some of the powerstrip outlets based on the on/off state of one of the outlets. For example: I have my water-cooled PC plugged into the master outlet on the strip and then my speakers, monitors, etc. plugged into the slave outlets on the strip. When I put my PC in windows sleep mode or turn it off, the power strip senses the low power state and turns off the monitors, speakers, etc. There is even a few outlets on the strip that are not linked to the master so I can have my router and cable modem plugged into those and they will not be powered off when I put my PC to sleep. When I wake my PC with the keyboard or mouse, the power strip senses the master outlet on the strip as active and turns my monitors and speakers, etc. back on.
I am generally not a fan of Monster products, like their cables and what not are just overpriced and bulked up to look expensive, however their "Greenpower" powerstrips are great and I think good value for the money and the unique power saving feature. I love not having to power down 3 monitors and my speakers everytime I put my PC to sleep or shutdown.
http://electronics.monsterproducts.com/search?site=allsites&asug=&view=grid&w=greenpower