My first post and its to confirm GoDaddy sucks.
Your inference "aeiouy" that it was only an $8 domain, so live with losing your domain name is "lame". 500 domains multiplied by $8 = the tidy sum of $4,500! Regardless of the sum - what you call "stupid stuff" often means, that a GD customer is expected to have a healthy dose of ESP to figure out what GD's usual "grace periods" might be....
You see they make it up as they go along to suit that particular case.
They recently did the same to me - by accidentally [yeah! sure] auctioning off a domain, I had carefully "aged" for 12 months before taking it online [planned for April 2007].
20 emails and many expensive international phone calls later, and they are refusing to make good on their mistake - claiming that "we cannot favor one customer over another". And the "other" customer is one of their "domain investors" who regularly buys domains at their auctions. Guess who is more valuable to them in monetary terms. So I lost out.
You probably already know about their other hardline tactic - if one of your GoDaddy registered domains gets an "erroneous" SPAM complaint - GD pounces and instantly takes ownership of your domain - end result you lose any valuable business attached to that domain name. And no, you don't get a chance to qualify that you had nothing to do with the SPAM, nor defend yourself. You just lose your domain.
Can you imagine the havoc a competitor can inflict, to get you out of contention. That should be reason enough to stay right away, or move all your domains out right NOW today!
Stay away from them - they are a bunch of mercenaries. The only way we get GoDaddy to change is by way of a huge public boycott.
NameCheap.com is an excellent domain registrar - and no, I am not affiliated with them. Instead... have been terribly impressed by the personalized customer service experienced at all times.