Even though I have not used godaddy before, I didn't think they would provide a bad hosting service, mainly because I have heard Lisa recommend it before.
Also, I think whoever told you about the ad posting:
a) maybe he/she had a free web hosting plan of some sort
b) maybe a discounted hosting plan, supported by ads
Either way, I am sure it would be listed upfront... I do not think a company like godaddy would get away with charging you the same amount as other web hosting companies and still display ads on your pages.
Since your message yesterday, have you tried it out? have you had any problems with them?
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