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The good news...I've seen recent promotions on new domain name registrations for as little as $4.99 a year through http://www.godaddy.com Another place you might want to look into is http://www.register.com
A great service but a little more expensive.
Don't do anything yet... We're going to talk more about this a bit later on...But know that you will need – WANT - to get your own domain name.