Microsoft are offering a free domain name and free webhosting for small businesses. If I recall correctly this is the second time this has been avalable, as I remember applying for it the first time round. Early user comments say that you are limited with what you can do with the free account (which is to be expected) but it’s still a great deal if your thinking of starting your own business.
If you want more information check out the video which can be found by following this link: http://officeliveoffers.com/demos/smallbusiness/intro/default.htm?nav=0&subnav=0