Sorry Ankesh I left out some vital info.

The $4.95 price is for the 1ST year ONLY.. It than reverts back to $9.95
There is also a 5 domain name limit.

But like I said it's only a trial so I'm happy paying half-price to test this idea out for a year. I'll probably register 5 and see how it pans out.

Although there was another $5 domain host I'll look it up again and get back to you...