I love observing supernovae!

I nabbed 2 last year; would've been three if the weather played ball.
Some planning is involved- finding good images which show good representative stars visible in the finder to hop to the SN and make sure that it is indeed the SN you are seeing and not just another star.
Generally when one becomes visible thru telescopes, our guys take some wonderful pics that makes that job easy. A mag.12 SN should be do-able for you (they are for me in my 10").
Forget the current one in M65 in Leo. What should be a nice telescope SN to view hasn't turned out that way it seems. It's covered with too much dust by the galaxy.

Grrrrr.
Keep an eye out in the following forums: Celestial Events, Observing (esp. this one), and Astronomy and Amateur Science.
If you're serious about trying to nab an SN, feel free to pm me when one is next visible and I'll see what I can do to help, if you need help (if you're on facebook, that's even better).
For me, it's a mind blowing treat to be able eyeball one of these. The fact that we can see a star exploded is just incredible!!!

The last naked eye visible SN in our galaxy was in 1604.

They do happen more regularly, it's just our view is hindered by all the dust in our galaxy. It's something like on average one every century per galaxy. But there's a gazillion galaxies out there (350 billion in the observable universe- fill up a football stadium to the top with peas to give you an idea!), so the pop rate is like one a second!
There was naked eye visible SN1987a which was a gorgeous site in our skies but that belonged to the LMC galaxy.