Yes, but when your plan comes up for renewal you will have to pay the full plan cost to continue your hosting here.
Still, as Simon says, it is still a good deal without the promo code discount.
Pay just [color=#CC0000]$22.40[/color] for 1 year Dreamhost hosting, use promo-code [color=#CC0000]MOJO97[/color]
Save [color=#CC0000]$97[/color] on all 1 and 2 year plans!! (Max saving on monthly plans too!!)