Quite so! And whereas the Arduino has flash and ram measured in a handful of kb the Raspberry Pi has half a gig of ram onboard and supports SD cards which run at less than a dollar per gig, and runs linux of course. If you want to run Python or Erlang or host a local Postresql server on your tiny little embedded system you can do so easily with Raspberry Pi. The sorts of projects that are going to come out of this thing are going to be incredible.