Don't hate on godaddy guys. (GFY people hate gdaddy)
But godaddy gives you like over 45 days after the expiration date to register it again...or don't do anything and it gets cancelled. Even on a cancelled domain I have pages still up. Every couple of days they send you email reminders...telling you to renew...and when you renew from these emails you also get a deeper discount. I just renewed 3 .coms today at around $7.50 each.
What I am fucking pissed about is a Japan domain name that I have been putting off for 6 months...I went to buy it today...and found it was registered at the end of January...and this was going to be a mainstream site that I was going to develope....but fuck it I have 1,800 more domains...and I only plan on keeping around 600.