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The only issue I've had with Hostgator was their recent purchase and transfer to new servers. My site was down for a few hours. Beyond that I've been issue free.
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... To rant some more about this, for less than the $99/month (2-10 sites) you could get dedicated hosting (VPS) from hostgator for $80/month. That'd give you dedicated system resources and absurdly fast load times. Not that hostgator is the only game in town for VPS, but it's easy to get that setup with them.