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I've had this happening to me quite a few times over the years and it never made a difference as far as SE traffic goes .... BTW the last time was indeed with dreamhost - they suspended my account and took more than 100 sites off - it took me something like 4-5 days to move them and once they were back on, the traffic was the same as before.
If I have to be fair though it was totally my fault as I uploaded seriously nested directories to one of my sites (didn't do it on purpose of course, I just uploaded them the way they were saved on my HD) and that probably super-loaded the server and I got kicked out.
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