In one word, "no".
A lot of people state that it's one of the worse places to ever be hosted with since Godaddy has been flagged as a host used by spammers.
Not only this, but each of the ip addresses are on a shared IP, this does not help your site for search engine optimization.
If you are looking for a better alternative, a lot better than hostgator even, try out http://www.sparkhosting.com and let Mark now that Loz sent ya.
He'll look after you really well, and his prices are very reasonable.
