The webspace, bandwith and additional features this host offers for the pice are quite outstanding. However, you should note that such low prices have to have some sort of foundation, in the case of Dreamhost it is very likely that their webspace is oversold a lot. So if you've got a site where uptime is mission critical, using this hoster probably isn't such a good idea.

It is advisable to sign up for the site with one of the many available coupons, which allows you to save money on your first bill. Without doing this, the prices won't be nearly as attractive. You could for example use the code GIGA777 when signing up to remove the setup fee for all monthly plans, and get 80$ off your first bill for yearly plans.

In addition to the high webspace and bandwith limit, Dreamhost offers some neat goodies such as Quicktime streaming, your own SVN and Jabber server, and even support for Frontpage extensions. Overall, I am quite content so far. On the one occasion that I needed it, support feedback has been quick. The panel, while it is not CPanel and a bit slow, is still easy to use and offers all crucial features decently organized.