This is aimed mainly at the small business but I guess there's nothing stopping you setting up a personal website.
For the first year you get the domain , some site-building tools, reporting tools, project type stuff, 100 e-mail addresses and 500MB of storage. You start getting charged after the end of the first year I think
You need to supply an email address when signing up and card details when registering a domain.
Some analysis here: http://news.cnet.com/8301-13845_3-10160295-58.html