The best hosting ever: Amazon ec2
$0.013/hour x 24 hours x 30 days = $9.36 + pre-paid year $54/12 = $4.50.
total: $13.86/month
This pricing is for the micro instance which is big enough to host a couple dozens of smaller websites. The cheapest virtual dedicated server from godaddy.com will run you $27/month with the prepaid year and you don't get all the other cool features like backup, cloud features....
I am really hooked. Why would anybody use any other hosting. ec2 is good cheap for a beginner, and will scale forever... For those of you who are little scared of having your own server: I was too, and it takes a few sleepless nights to figure things out, but the control you get is definitely worth it, and hey, not you are a hosting company, so you can host for one or two of your clients, and your ec2 server is paid for :).