The general opinion of people hosted with GoDaddy seems to be that they are great for buying cheap domains from, but not good at hosting - but even that depends upon what you are trying to host.

http://www.reviewcentre.com/reviews105838.html

Judging by the number of complaints about GoDaddy and Zen Cart hosting on these forums they are best avoided - as are all cheap "Bucket Hosting" companies.

But, at the end of the day, it's your call.

Vger