Yes, it will let you host effectively unlimited domains.  However, they usually say that only is allowed as long as you're not impacting other users on the (shared) host.  If you ever were to try running a serious site off those, it would exhibit some serious issues under any sort of a load.<p>But yeah, for about $5 / month you can get a host that will serve your needs.  Assuming your needs don't include anything that you want to be reliable.