Yes, its true. GoDaddy is now selling domain names for just $1.99 ($2.19 after adding 20 cent ICANN fee). All you need to do is use the coupon 199BUYCOM before checkout. You dont need to buy additional services to avail this offer.

This offer has the following limitations

1. Only valid for one new domain name or domain name transfer per account
2. Valid for 7,500 orders or 07-July-2009, whichever comes first.

Enjoy!

Updates: Working as of 05th July 2009. I just registered a domain name using this coupon.

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4. Transfering Domain from TUCOWS
5. GoDaddy.com’s BUG