To be sure! Our expectations of what a computer required to do $task looks like has dramatically changed, too. Last week a coworker was surprised that I deployed a tiny service on a t2.nano EC2 instance. "Shouldn't we put that on something bigger?" Well, the thing is entirely blocked on waiting for network IO, so putting it on a server with 32 cores isn't going to make it run any faster. Also, under full load it only used 32MB of RAM, so giving it 8GB isn't going to help it any.

Bringing it back to the RPi: people ask if it's powerful enough to serve simple web apps and email. Oh, it most certainly is! It can handle most of what you'd want a home server to do, short of something like Plex transcoding.