Is GoDaddy.com a good choice?

[starlight]

Not really, unless you are going to pay for a dedicated server. For shared hosting, Godaddy has way too many sites running on each server which causes slow load times and other problems. Part of your choice will depend on how you are going to build the site. Will you use a cms or code it yourself? Do you want Windows or Linux servers? What kind of e-mail capabilities do you need? Do you need a host that allows server side storage of videos?

Registering the domain with Godaddy shouldn't be a problem. But unless you plan to spend the money for a dedicated server, you need to check out all the other options depending on what type of site you plan to have.