I’ve been experimenting with using the Raspberry Pi as a tiny low power LAMP machine. This was my first attempt running on Fedora:

I then stumbled across a similar project, released as an image, running on Arch Linux with Hiawatha instead of Apache:

Finally, the same process but this time running on a class 6 memory card, the previous videos were both running on class 4 cards:

It would probably make a perfectly adequate local development machine.