In the past VA was the important rating, as VA is the apparent power, but these days most good PSU's active power factor correction, with an efficiency of 99%, so VA and Watts is almost identical. (with active PFC, you can expect a 99watt load, to use 100VA more or less).
So that UPS is 400W, sufficient for most systems, but occasionally you might find that a sudden peak load from your computer could overload it... Its prettty unlikely though to be honest. Of course, if you were to add extra hard drives, go SLI... then that might be pushing it. Anyway you'll get considerably longer runtime by using a UPS that isnt fully loaded.
On the whole, I would say that APC are a 'better' known brand for UPS's. Popular in commercial datacentres, and computer facilities. The APC RS800 VA would take you up to 540watts capacity, and might be just what your looking for. (Available at OcUK)
BTW, most UPS use sealed lead acid batteries. These gradually decompose during use, and are generally considered dead after 5 years. Dead leadacid batteries can short circuit and overheat, so regardless of what brand of UPS you pick, its worth checking the runtime is still 'ok'. It will lose about 10-15% of its runtime each year.