This host I am using myself, and this is probably one of the best on the market:

* 250 MB of Disk Space

* 100 GB Bandwidth

* Your own domain hosting or free sub-domain

* cPanel Control panel

* Over 500 website templates ready for download

* Free POP3 email box with Web Based access

* FTP and Web based File Manager

* PHP, MySQL, Perl, CGI, Ruby.

* No Ads.

* Referral program - $5 for each signup which stays active for at least 30 days.



Update (03-04-09): Site rating was reduced to 2 due to multiple user compaints on the reliability issues and questionnable business practices :(