They'll be around just as long as there are hosting companies that charge $50/month for a basic no-cgi 25MB account.
1. People think paying more gives them more.
2. People are naive and don't realize they can get better deals with better service and products.
On the internet, the sheer numbers mean there's a market for anything.. no matter what price you sell it at. Register.com has the advantage of name-brand recognition, so they'll get away with it for a long time.
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