erm am I missing the point? ASP.NET & Javascript as competing web development technologies? You have to look at what your project involves, if you want to do any serious database driven web application you will need to use ASP.NET, PHP, Ruby on Rails or any of the server scripting frameworks.
Frameworks are designed to speed up development and of course they each have their own limitations. I personally develop sites using whatever makes sense to develop them with, which could be anything from JQuery, Silverlight, Flash, Subsonic, Telerik ORM, Dotnetnuke, Rails, PHP you name it I have tried it!
Web developers are essentially solution developers, so it is our job to pick the right tools for the job. If you want to hand code sites using javascript and ignoring the abstractions that you could use by implementing frameworks, then good luck to you, it sounds like an epic endeavour, and I hope your client is willing to finance your voyage !
[mail2saion]
I don't agree that windows hosting is all that expensive You can get ASP.NET hosting these days for around $5 a month with a SQL express database. Try
http://www.infosaic.com/