a bit off the handle
I've had issues with Godaddy myself. The "brief" outage you refer to wasn't so brief - I experienced around a 6 hour outage with inbound SMTP. My DNS is not hosted with Godaddy but they were my registrar and when they went offline all the glue records failed to resolve.
I used to have a few customers on Godaddy. About all I can say about the webhosting is that its cheaper. I'm not even sure its cheaper than HostGator or 1and1 though.
The DNS interface, when I used it, was very slow to respond.