It was long desired! When we started this blog a couple of months back, we searched the web for a low cost SharePoint hosting provider, but none was affordable.
And recently I saw this, http://enroll.freesharepoint.com/uddi/freesharepoint/:
Though it has 5MB limit, but it
* supports SharePoint designer
* Multiple Users
* !! 5 MB is for ads only, it supports 50 MB actually (default quota) :-)
go ahead and start yours today ....