Turn the speaker switch to the just below normal and use the Windows volume control. Turn bass down on woofer switch and disable EAX,CMSS and Crystalizer in Console. If the problem goes away, play with the Console effects until it comes back, then you'll know the correct settings. That said, a 'screech' is almost always a volume problem.
Ok, I've done all that... now it's a waiting game to see if it happens again.
You can try a different outlet with the surge protector, but I don't think it will matter much. If you want to make sure it's not the surge strip, plug the speakers directly into the wall outlet. No pop...your surge is shot
You might be right about my surge protector being shot/faulty. A couple of days ago we had a brief power interruption and it cut out, but when the power came back on it took a while to reset and become fully functional again. There were no electrical burning smells and it seems to be working fine now, but I'm no expert so will get it checked.
Oh, and the screeching sound happened once before the power interruption/surge board thing so I don't think they're related.
If it's just a sound/volume thing I can resolve that easy enough, but I've heard of people hearing Bios/Mobo related screaming and that's what had/has me concerned.