1and1 seems to be a reputable company backed up by serious financial capital. However, the support you get counts first to many clients than money. I would always suggest to look around for more options, more reputable and established hosts and do not rush with a decision not to make a mistake.
jor133d, 1and1 is a huge provider and I'm sure you'll get an average or good quality if you choose to go with them. However, there are other places that are viewed favorably on these forums, so check through the history and you'll find a bunch of great hosts that fit your needs.