Originally Posted by brianf

When referring to domain registration, cheap isn't necessarily a problem. The most important thing to have is a control panel for your domain registration that allows you to change nameservers, contact information, and lock the domain. Beyond that we're entering into the hosting realm where support and reliability are a function of price. I believe that it's generally a good idea to keep your domain registrations and your hosting separate.

In general, you will have the same ability to control your domains registration whether you spend $7 or $12 per year.