I don't have the Raspberry Pi, mainly because, since I develop embedded software for a living, I have an endless supply of development boards I can hack on at work and am free to take home (during those evenings when I am not so fucking tired of flipping bits that I don't even want to SEE C code!),
but:
* A platform with less legacy crap than x86 is wonderful for learning about OS development. I don't know how the Pi fares for this, with Broadcom's chip and all, but if I had the free time to hack an OS in my spare time, not dealing with all the thirty year-old cruft nor shedding a gazillion EUR on a PowerPC system would be ideal.
* There's a legitimate audience of visual artists, musicians or just tinkerers who, as outrageous as might sound to us, long-bearded bit twiddlers, find learning anything other than Python either hopelessly complicated or just not refreshing enough. Aye, their needs would be better served by a 5-dollar MCU, but when an extra twenty dollars buying you the ability to write the code on the same computer that runs it, it's hard to resist. I find myself breaking the sacred oath of not using even one bit more than I need, too, because it's Saturday and my cat wants some attention too and I derive far more pleasure from seeing the jukebox playing music than from knowing the half-done file loader module that will eventually be part of a jukebox eighteen Saturdays from now on is so optimized that even an optimizing compiler would slash its veins in envy.
* The "cheap webserver" part is generally useful when you actually want one to interface something with the outside world over the Interwebs. I find the idea of using HTTP for much of this rather... repugnant, but there are people to whom it isn't, and a VPS isn't of much use if the requirement is to toggle this relay in response to that HTTP request.