Goto www.ej.am We have just the package for you! You can have your site setup instantly and there are alot of options for upgrades as well. Our base package is 300mb space 3000mb bandwidth! But you can get upto 5000mb space and 15000mb bandwidth from a little posting on an active community!
You have to make 10 initial posts to get the hosting account, this is a spam prevention method, after that for the base account there is no posting required!
We also are using php 5 as requested
We have a great list of features, visit www.ej.am/pack.php to find out about them and more!
We hope you choose us!