On Mark's reply to lackingnews and on the confidence in WordPress:
Problems do occur and more often than not it is not in the control of WordPress people. I was a layman and I recently did a lot of research on web hosting while thinking of self-hosting. After a lot of brainstorming, I have concluded that hosting on WordPress itself is the best option. I have web hosting [I got free hosting from Irish web host Vade, reliable people] but I feel so comfotable here that I am thinking of only domain forwarding now [like Raincoaster above]! The main considerations are safety, backup etc.[not ads] and wordpress guarantees that!
Any one who has doubts on uptime here can get a free account on pingdom and you will know it is 99.99 per cent! WordPress people acknowledge and admit things frankly unlike others. It is just bad luck that two recent outages have happened.