Just out of interest, I've been mucking around with a WordPress.com blog this evening.
The conclusion I've come to, is that if you are just wanting to have your own blog, don't want to monetize it and don't desperately need any extra features unavailable to WordPress.com users then the best option is to go with a WordPress.com blog. The only problem I can see is that there doesn't seem to be an easy way to backup your data and you have to keep the link back to WordPress.com on your site.
If you purchase the no-ads option (US$30/year) and the domain option (US$15/year I think) then you have everything you would have wanted on your own hosting account except that you don't have such a wide range of themes to choose from. So that's only US$45/year which is a lot cheaper than any good quality hosting package will cost, particularly if you receive huge amounts of traffic.
Do any of you have sites hosted on WordPress.com?
I'd consider shifting my personal blog to it, but I like to keep it hosted on my own account as I often use it as a test bed/demo for my own code and I receive so little traffic to it that it doesn't really cost me anything to host it myself (beyond the cost of the domain name).


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