A friend of mine pointed me to 1and1.com, where they are giving away 3 years of free hosting to generate word of mouth promotion (like this) until Jan 21. I’ve read through some of their FAQs, and it seems legit: 500MB space, 5GB transfer, PHP, MySQL, etc – and their overflow bandwidth is cheap at 99cents/GB. They’ll even register domains for you for only $5.99/yr.
The only catch I’ve found is that you don’t receive phone support, but I don’t consider that much of a catch (who calls their host anyway?).
I haven’t signed on with them (my current host keeps me pretty happy – and supports FlashComm), but even so, I’m tempted to dream up a new domain to register with 1and1.