<<The computer will still function, but you may not.>>
I had to dry my eyes... that was too funny.
Yes, indeed, anyone running a studio or home computer environment without proper electrical barriers is asking for trouble, if not now then in the future. Electrical wiring deteriorates over time, though often very slowly, but poorly manufactured and poorly installed electrical wiring will eventually cause intermittent shorts that are a pain to repair. You can buy GFCI outlets from Lowes or Home Depot or almost any good hardware store these days for about 20-30 dollars - most newer homes will already have these. You should not install them if you don't know what you are doing - pay someone to do it for you - be safe, because electrical shocks can really, really hurt. You can also now buy in-line GFCI units that will plug into existing outlets, installation-free.
Just as importantly, I think, you can also buy UPS systems now for as little as $50 (probably even less these days). These systems are a must, especially if you are running a studio with a computer and any outboard gear - comps, limiters, mics, pres, keyboards, monitors, whatever. At starting prices of $50, they are wise and prudent investments for electronic and electrical equipment, even two-prong equipment. Higher-end UPS units will come with monitoring software that can be extremely useful. I use cyberguys.com, but most reputable computer sites and brick-and-mortar stores would stock this equipment.
And remember - avoid studio ground loops and keep all your (hopefully shielded) cords and cables together in lines as straight as possible whenever possible (not always possible).
Regards,
Rube
G4 867x2 2Gb Mac OS X (10.4.7)