[insidious]

Nailed it, definitely gets the job done. It's good for creating private projects that you wouldn't want hosted with a third-party.

As I see it, there's not harm in putting your project up on Github and opening it up to the Open Source Community. If you are doing something for a private company, or maybe *cough* something slightly illegal *cough* probably best to create a nice private github on your own/company server for full control