GoDaddy has always (?) been held in high regard as a registrar and I believe that's still true (despite what seems to be significant annoyance at upselling attempts) but their hosting has been hammered by at least 90% of SitePoint members who have used them as their host.
Recently (12 Sep 2012), GoDaddy suffered a massive outage and there are different opinions as to the cause. This article is the first I've seen discussing the outage and only validates the concerns over their hosting abilities. Read then you be the judge.
[aside]TechRepublic is a website with great techie articles - and it's worthwhile to subscribe to.[/aside]