I read your post before you corrected it, I thought it was pretty funnay....you know, like your power supply failed before you could finish your post.
Heh, am I right?
Anyway, I've not heard of this tech before but what I've read about it since your post seems to to be a way to save the power company some $. Or maybe to charge if it not installed on the customer premise, and this would be the customers problem.
This is what I've spent the most time looking at so far.
http://www.youtube.com/watch?v=dPFKcUxbNuQMy initial thought is that it doesn't do anything of value to you from a battery backup standpoint although I do not understand what the point of the capacitor at the power entry point is.
Anyway, when you are talking about power supplies for a single PC it seems to be a small thing.
I've had to maintain APC power supplies that took up whole racks and never heard anything about sine waves (APC battery backup and Cummins diesel generators).
I think I might be inclined to skip the PFC thing for such a small scale project but maybe an electrical engineer can shed some light on this.