I have just completed the migration of my site (and associated databases) away from GoDaddy (to Hostmonster).
GoDaddy is cheap, but damn, they suck. mySQL performance blows, their tech support monkeys rarely have a fraction of a clue, and they refuse to admit there is a problem despite overwhelming evidence.
Bye, bye, GoDaddy. I won’t miss you.
Even without all the caching hacks I had to install before, everything seems to be much faster.