To anyone who's wary of this, there are some reviews on this hosting (not a ton, but enough) here, here, and here if you want user info on it to better make a decision!
IMO, based on reading reviews, the important stuff wastintime has mentioned are all legit, and it's really just a case of "you get what you pay for" (ie. downtime and sometimes unavailability of sub-domains, and you have to pay for your support tickets, it seems). Reviewer attitude is all across the board in regards to it, so some of us should probably take it for a test drive and review it ourselves lol. All in all I think it's definitely worth a try! I'll definitely be giving it a shot.