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I have never been a big fan of GoDaddy as their control panel is a pain in the butt. Namecheap is a good company, but I dont personally like their CP either much. I will be sticking with Dynadot since they are, in my opinion, the simpliest and have the best service for only $8. There are a lot of great companies out there, and only a few really bad ones. I would never sacrafise price over quality, it all really depends on your opinion of the service, some may experience great satisfaction from a company, others may think it as a complete nightmare.
I would highly recommend NAmecheap. Its not the dirt cheapest, but they responded to my support qn 2 minutes after i sent it, even though it was a very stupid qn (ended up i ented non - existant nameservers , hahas) = )
If you need support for domains or on features with domains. Namecheap. I've use them for almost 6years now. Never had 1 problem wih them ever. Even when transfering to them, they was nice enough to help me with my friends godaddy account.
I don't know much at all about domain registration, but after seeing this thread I decided to get a NameCheap account, in anticipation of getting a few domains soon. So far it seems great. I love the control panel thing, and it seems like they are very trustworthy. Its also a good sign when sites don't charge you just to sign up, and don't ask for tons of personal information; just name, email, username, and password. Thats how it should be