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Nope, cheaper yes. Pi matches a Pentium II 233 in CPU powerThis one matches a SAM733 ... But all in all the Cubieboard is more appealing.There is also a Quadcore 2GHZ board called Wandboard. EDIT:see www.vesalia.de
I think this is a bit more interesting. It's $150 and has the same chip as the Galaxy S4:http://liliputing.com/2013/07/hardkernel-odroid-xu-dev-board-with-exynos-5-octa-chip-on-the-way.html