If one regulator per (x) string of lights isn't a needed part of the project, any old ATX supply with work magic.
If you do need do switch several strands on or off, use the supply with a transistor or SSR for each section.
That gives you the master enable on the atx to pull low (use another SSR and ground?), and a sub-enable per segment that you can drive High. If you want dimming, the transistor opton would let you do that.
I'd imagine that this would be more efficient than lots of small supplies ( minimum possible efficieny allowable is 60%, you can get gold rated PSUs at 80% or above) and nearly 100% idiot proof protection circuits.
I've shorted, sent ESD down the lines, drawn more current that I'm supposed to, and even run two in parallel with no aditional circuitry and haven't killed this one yet.
(Please note, by ESD i mean accidently shifted a carpet when a wire fell down and watched the psu suddenly cut out, assumedly from static discharge.)
Edit: terribly sorry, first version said "thyristor" but the bistable nature of some of them makes it completely unsuitable for use as an ON/OFF switch. Mosfet or SSR is a surefire way to do the trick.