Just created now with your code. Old hosting doesn't expire until middle of the month so for once I've got a bit of time to work out what I actually need to do :X
Pretty sure there are no ads or fuckery going on - if you affect other users with using too much CPU/etc they'll ask you to upgrade, which is reasonable. The Ts&Cs and privacy policy are not overly verbose.
I use a paid HostMedia plan for my Camera Club's hosting. In the past I've had a few issues & frustrating experiences getting answers from support, but not had any problems for over a year now.