I have not tried it but if you get errors it obviously is not working at godaddy, whether it is a general medium trust issue or something about godaddy I do not know off hand. They could easily have IIS settings that don't allow that configuration.
You might be able to find out what error is happening and that may give a clue
http://www.mojoportal.com/basic-troubleshooting.aspx
Hope it helps,
Joe