We are hosting with Readyhosting.com more than 2 months already and a lot of bad things happened during this period.
Email is slow if works at all. Intermittently incoming emails bounce, even though mailbox exists, and outgoing emails get deleted from mailserver queue. Few times a day mailserver is unaccessible at all
Access to SQL Enterprise Manager - takes about 10 minutes just to load a list of databases.
A lot of 500 errors (internal IIS error).
They shut down ASP support for our website for 2 business days without any notification.
Yesterday 4 files were removed from our website without any notification.
Pluses: cheap ($99/year), pretty fast, unlimited bandwidth, plenty of space (500 MB), quick response from tech support (in most cases less than 24 hr)
Still, wouldn't recommend to use them. If I was aware of these issues beforehand, I would never signed up for their plan.