Of course they are offering a free year.
My largest client just went through hell because their (register.com's) DNS servers went haywire and we were without email, website, etc for 3 days and they were sporadic for over a week. Have had nothing but problems with their service for the past year.
My advice, buy your domain and hosting through
Startlogic.com. I have been with them for 3 years with no problems. The longest downtime I have ever had was about 5 minutes while they were doing an upgrade. Can't recommend them enough!