NearlyFreeSpeech.NET»
I’ve been using NearlyFreeSpeech for domain and web hosting since February, and as far of my needs go, it works perfectly. The idea behind their service is paying based on your actual resource usage, and, going by their rates, this translates to my site’s bill being a couple of dimes a year (not including domain renewal costs). Granted, if you’ve got a high volume, resource intensive site, NFSN probably isn’t the best host to use, but if you’ve got a simple tumblelog setup and just want to be able to host a few images and scripts and have a domain of your own, all accessible from an ultra simple control panel, it’s great.
Check out their surprisingly frank FAQ for more info.