Yes, we've been promoting this for a LONG time now. There's a reason for it, though. It's AWESOME. You get a free website complete with templates and with built-in tools, it's very easy to tailor it to your personality. You get an email address with your URL, and you get a free domain! You pay NOTHING.
Although it's intended for small business owners to start up a company website, you can use it for a personal website. I have personally signed up for it and I fully intend to use it as my e-portfolio. So, if you just want something easy and cheap (free) for your club, art portfolio, or anything, give it a shot. You literally have nothing to lose. MICROSOFT OFFICE LIVE BASICS FREE