I'm hardly a supporter of PS Audio. And this device is over-priced, doesn't make your sound better, etc. However, the idea it is a death trap safety risk is over the top. It is 20 years old. I believe it would have achieved safety certification if submitted when it was made. Millions of cheaper devices are made the same with a trio of delta connected MOV's. This particular unit may have done its job in protecting gear plugged into it at the time. It is dangerous now, but so could many of those millions of other devices be in a similar manner. I've found a few old ones with this same issue.
What this thread usefully shows someone, is any of these older units with just MOV's probably should be replaced every few years or at least checked out from time to time. The unit could not currently get safety certification even if it were working. The unit almost surely wasn't carrying 120 volts on the safety ground when it was new.
Over the top posts about it do not really come off as a good look for the credibility of ASR. At a bare minimum this is a sacrificial protective device 20 years old. Maybe getting in touch with someone acquainted with current protective devices of a credible nature would be a good public service thread to do on ASR. A $6 surge protection power strip and this over priced $299 unit form 20 years ago are equally a safety hazard. There are millions of those $6 units still around, and maybe a few hundred of these from PS Audio.