Hostmonster isn't bad. They do offer a lot of 'features' for the buck.
I was with them, and their sister company Bluehost, for a couple years. I switched because of their overselling of servers and various lame practices (running php as cgi, others...).
vBulletin works great on their servers. If you plan on running a photo gallery watch out for tripping the CPU limit. I forget what it is, but my people uploading pics on on my photopost install would trip the cpu usage limit and my site would be suspended (with a nice little cpanel 'this account is suspended' message the whole world can see) for 5-15 minutes.
These little annoyances were enough for me to cancel my contract half way through the second year and move to a reseller account at hostnine.com. Hostnine also offers other than reseller accounts starting at 3.95 month.
IF your just starting out, hostmonster is ok. Once you get up and running, you'll want to move.
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