This is a very competitive offer from DreamHost (US-based servers).
They offer the first 2 weeks as an obligation-free trial during which they don't even charge your credit card. After that, it's US$2.95 a month for the first 12 months (full 12 months are charged upfront).
Here is what you get:
- Unlimited Diskspace
- Unlimited Bandwidth
- Unlimited E-Mail Accounts
- Unlimited Domain Hosting
- 1 Free Domain Registration (.com, .net, .info, .org - Australian extensions not included)
- 24/7 E-Mail Technical Support
- 97-Day Money Back Guarantee
- 100% Server Uptime Guarantee
They offer all the usual features such as one-click installs for all the common apps like WordPress.
You must be a new hosing customer with DreamHost. If you just registered a domain name with them in the past but never got hosting you should still be able to qualify.