One possible solution for registering a domain name and setting up hosting in one step would be this new option from Microsoft: Office Live Small Business. Various levels of features are available at smallbusiness.officelive.com, which offers a free domain registration and Web site, but also provides you with the opportunity to add paid services such as extra storage space, an e-commerce set of features, and e-mail newsletter functionality. Office Live Small Business might be just what you’re looking for, so you should spend some time checking it out.