The embedded world has seen a massive performance boost in the last decade, the raspberry pi would've looked like a supercomputer in the 90s...
My point is that while the raspberry is not very powerful by today's standards it still has all the features of a modern "desktop" system: an MMU, SIMD, USB, graphic acceleration to cite a few. The line between embedded and desktop architectures is getting blurrier by the year.
So yeah, you can scratch the SIMD part of my original comment.
I know a couple of people with RPis who are using them as "home server"-type devices. Those are useful, and more power certainly doesn't hurt. Whereas the people I know who bought them with some idea that they would "start hardware hacking" or some such sit there gathering dust.
The RPi really is a very powerful platform. It's not a desktop computer. There are real-world devices that run things far more complex on far slower hardware.
It sports a Cortex A-9 and a Mali 400 GPU.