I observed the the sn in M95 last night and what a huge thrill it was! This is the first supernova that I've seen through my telescope.
Here is my report:
25/3/12 10pm
Equipment: 10" dob. EP: Pentax XW10mm using 140X mag.
Location: Light polluted backyard

Guide: Starry Night Pro software and this helpful map here.
The galaxy was quite easy to find, being only one deg away from Mars.
The XW is a 70 deg ep, so I put Mars just to the outside of the middle left edge just outside the fov and sweeped slowly right and despite not having dark adapted my eyes, added to the fact that just at that time, hubby was fixing the garage door so I had the bright light inside garage glaring straight at me only 10 feet away

, I was able to nab this galaxy quite easily. No spiral arms visible- it was all core (quite large too), surrounded by fuzz. Couldn't find the SN at that stage.. looking... looking... nothing. And all of a sudden after about 10 minutes there it was. Clearly, my eyes had to dark adapt

and what a difference that made. It was the difference between it being there and not! I didn't need to use averted vision- was quite obvious.
If I didn't know any better about this sn being there, I would have mistaken the sn for another galaxy. But I had every star within the field accounted for to know and confirm this was indeed a galaxy and sn. To me, both looked like elliptical galaxies because of the lack of spiral structure and showing just a diffuse glow.
I was surprised to see the sn so far away from the core. It made me quite aware, despite this being some 38 million light years away and so far away and small to my eye- just how large the galaxy actually is as it shows where the sn sits on the end of it.
The SN sat above the galaxy in the eyepiece and is smaller than the core of the galaxy, though not by much I thought. For the first time (despite seen plenty of sn pics), I became truly aware when looking through my own telescope of just how gigantic a supernova is compared to the core of its residing galaxy. It was an exhilarating experience eyeballing it myself.
After observing it for a good solid half hour, transparency then killed it. Both completely disappeared out of view- just leaving the stars behind in the field. Then they came back and then they disappeared. The first to disappear was the sn.
Two tiny groups of triangular shaped asterisms grabbed my attention- they looked identical in size and shape. Three large stars point in an arrow to the sn as if it was announcing "here it is"

. To the right of sn, one bright star sits on the same line of sight as galaxy.
I think perhaps a good clear night is needed to view this. I'd perhaps recommend trying for it and if you don't see it, observe something else and keep coming back to it until you see it. Just don't give up if you don't see it the first time. Trust me, when you see it, it'll be worth the effort. But above all- it is important that you have your eyes dark adapted as mentioned before.
I'm certain an 8" will grab this from a light polluted backyard, tho I think it could be on the limits, but I feel certain you'll grab something. I'd be interested to hear some reports?