Microsoft Office Live Small Business is a web hosting service that gives you a domain name (any available .com, .net, .org, or .info), email, business management tools, collaboration tools, and more, for a surprising price tag: $0.
Despite the Small Business moniker, the service doesn't appear to be limited only to businesses—meaning you could probably use the service as a personal site (as CNET suggests). Check in with the Microsoft Office Live Small Business video tour for a closer look at what you can expect if you decide to sign up. The service is free for one year, after which you'll need to pony up a still-reasonable $15/year. If you've used it in the past, share you experience in the comments.
Alternately, if you're not keen on Microsoft's hosting offer, check out the most popular reliable and affordable web hosts according to Lifehacker readers.