I use my reseller site to host this site, websitebabble, which is really the same as godaddy.com (they own the company and use the same servers) and I haven't had any problems.
If you do a search for almost any hosting company you are always going to find negatives about them and I think when you have a company as big as godaddy.com with as many customers as they have, there will always be a large number of complaints simply because of the number of customers.
Maybe someone else can chime in but I've never heard of them putting ads on your site? If you pay for your hosting that shouldn't happen.
I personally think you'll be fine with them as I've never had any problems. But that's just my experience.
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