Godaddy offers terribly slow domain forwarding. If you have your own nameservers, they are perfectly fine (and inexpensive). If, however, you're planning to use it to redirect visitors to another address, e.g. http://chruser.deviantart.com, I would go for another, more expensive service like http://www.oriweb.com.

"Stephen Wolfram is the creator of Mathematica and is widely regarded as the most important innovator in scientific and technical computing today." - Stephen Wolfram