I used filezilla to see if connection etc was working...and it was.
So issue remains between Adobe and GoDaddy.
Speaking with Adobe (chat);
Here is what adobe passed along to me as a potential workaraound:
Rohit N: What you can do is, Login to your GoDaddy account. And from there you will have to disable EPSV.
Rohit N: This can be done by adding : <Limit EPSV>
Rohit N: DenyAll
Rohit N: </Limit>
Rohit N: to proftpd.conf
Haven't tried this yet; as not sure even where to make change. Will call GoDaddy today.