For those who signed up on a yearly pay plan, what happens after a year? Do they remember the special price you got and instruct you to go pay again?
My opinion on Cyberwings...
If they're using these insane sales just to build a large initial customer database and plan to switch to more down-to-earth pricing soon, I think they'll be okay. The hosting biz is really competitive these days. It's tough to start up and get clients. Offering these insane sales can just be seen as an advertising expense. Look at the exposure they've gotten on message boards as well as through word-of-mouth advertising.
As far as how much it costs to run a server - a normal guy like me can get a 1Ghz server with 600GB transfer for as low as $100/month. He's almost surely cramming 300+ "Individual plan" customers on each server. Assuming he can get a much better deal than your average joe, it only costs him pennies per month for each client. That's cheap advertising.
I don't believe any of the CEO's BS about how he's not in it for the money. He's in it for the money all right, although he can try to sound altruistic while he's building up his customer database with these deals.
I have a few accounts with them, and it's only costing me some dollars per year. I can't get the same amount of resources as they offer for less than $100/year anywhere else. So what am I to lose...a few dollars if this doesn't work out? Not even...I've had these accounts running smoothly for the past couple weeks and I've already gotten more out of it than I paid. So anything from here on is a free ride. Do I have important sites with Cyberwings? Definitely not. If CW went down, would it affect me much? Nope...I can just transfer to another host. I can have the site up and running again within a day of CW going down. The only "problem" is the much higher hosting prices everywhere else (in comparison to CW), and whether I'd want to continue these sites at those prices.
How has support been? Surprisingly good. I've made a few requests in real-time to their staff and had it taken care of immediately. I haven't gotten that sort of support even at the places I paid $50/month for hosting.
He may offer a lot for the money, but I bet 95% of his customers don't use more than 10% of their allotted resources (I'm talking bandwidth mainly here, since disk space is so cheap to begin with). I'm one of his customers that he'd rather not have...the kind that can maximize the use of the resources given.
I don't know why anyone would expect good support, timely service, etc. etc. etc. at these sort of prices. Those who do are probably inexperienced and don't have any sites of importance to begin with. Otherwise, they should already know that with these kinds of deals, you expect almost nothing and come out ahead if you get something. Some people wouldn't give a second thought to buying a $300 item for $305 instead, but have to ponder and debate whether to pay $2/year for website hosting.
Sure, if you need handholding in the hosting process and cost is no object, I wouldn't recommend such a place (although so far, their support team has proved me wrong).
The main concern is making sure they can't get more of your money than the agreed-upon price. They use a reputable 3rd party credit card payment processor (gonna be hard to scam through them), and their preferred method of receiving payments is PayPal.
Hopefully, they raise their prices to "normal" levels after these sales. If the sales just go on and on...well, then they'll fold. Does it matter to me? Nope. If it matters to you that your $2/year account will go down with the company, then this place isn't for you.
Oh yes, and I should have mentioned that the Individual accounts are the safest bets. I wouldn't touch any of their $100+ deals with a 10 foot pole. You're taking more of a gamble by putting down hundreds of dollars up front and depending on the hosting to last longer to come out on top.