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The Raspberry Pi is a small low-cost Linux based single board computer (SBC). Originally this device was designed for educational purposes. Thanks to it's low price of about €45 consumer retail, it was quickly adopted by hobbyists. Being capable of 1080p video processing and HDMI output, one of the applications that got developped for this computer is a video player for home theater use. OpenELEC is one such fully integrated distribution of Linux and XBMC.
Another, rather similar kind of application which seems this Raspberry Pi quite capable of is the typical car computer...
Now working on a Raspberry PSU and GPS module. This should aid in an automotive application of the Raspberry Pi, amongst a few other things, More info when the hardware has been prototyped.
Pi projects on the web:Raspberry Pi car computer @ Flamelily I.T blog
Raspberry Pi Car PC Project @ Wolfram's Blog