Those ridiculously too-good-to-be-true hosting deals are awesome if you've got a blog that nobody ever reads. The instant one of your posts goes viral, expect your page to be unceremoniously shut down with no call or email to you. Which is of course the worst possible time for it to be shut down-- while it's on front pages of social aggregators and such.

Source: personal experience (Bluehost, not GoDaddy)