I believe that it is good for any programmer to at some point in their development create a simple language and write an interpreter for it. First, you learn parsing, then you learn what actually makes a language tick. Then you learn what goes into the design process, when you realize you've designed yourself into a corner. Then you start reading up on language design, stumble across sites like Lambda-the-Ultimate.org, and find out that there is a lot more than imperative / OO programming. Then you start getting into the Lisp literature, and reach a zen-like state. Then you snap back to reality, and become a slightly better programmer, who is a bit more humble.