I have been using Godaddy for almost 2 years now and never faced any issues on my 20 odd sites (wordpress) running WPRobot, ReviewAzon and other plugins. However, I faced DNS issues last month so I moved few sites to Godaddy EU servers as those sites were UK targetted that fixed the issue. US traffic was running normal for other sites but accessing them from UK was bit slow so that's why I moved to EU servers.
I paid approx $60 for a yearly hosting which is not that bad considering I can host many sites on them. I consumed 5GB bandwidth and using the full quota of 25 MySqls (I can host multiple wordpress sites on a single DB with a little tweak).