I don't agree with you DigitalPimpShit, there are many hosts with prices below $1 per GB that has a very good reputation.
I host with phatservers myself and have about 500-800K unique hits a day on my server and i don't see any problems, and i pay below $0,50 per GB.
faymen you might wanna check out these special deals from phatservers:
http://www.phatservers.net/deddeal.html