It looks like the GPU on the RasPi is still more powerful, so the cheaper board might still be better for things like a media center application. I'm very curious though about what appears to be a SATA port on the Cubieboard.

Also, the RasPi has a huge initial advantage in that it was in the space first. They have a leg-up in publicity, marketing, and simply an initial user-base. If the Cubieboard benchmarks don't absolutely trounce the Raspberry Pi for almost every type of computation, I don't see the Cubieboard overtaking the Pi anytime soon.

Still, a cool board nonetheless.