It would have been interesting to see how far RPi can be pushed in similar conditions, but we'll never know.
Still an important device. I have about 10 of RPis and same number of RP2040 based boards.
If someone could hack together an OS for a Pi that booted straight into something like Processing, maybe it would be close.
Also, don't let the number on the sticker fool you: The C64 introductory price was $595… in 1982, which is $1800 today.