This hosting is ok. I'm currently run one blog with them.
But, beware of the additional "things" when you want to make the payment.
Because of you could probably end up buying extra services. Please note that you can't get refund if you make mistake during payment. I think this is a sort of marketing strategy.
Apart from that, iPage is very slow. It's probably because of I run an autoblog plugin (not wprobot).
Imagine if you shared with hundreds of users with the same hosting that you pay for $1. You actually get what you pay for. There's no way you get best quality of services for cheap price tag.
The offer is real, you can really get a hosting for $1. I only see with iPage. You should try if you cannot afford another hosting.