Does Arduino have a future?

Atmel's AVR chips are falling behind the ARM chips (Teensy, Maple, etc.). They need to start kicking up the clock speed and memory to stay competitive. That's my only concern.

With respect to the Raspberry Pi, Beaglebone, etc., those are not microcontrollers. There will always be tons of situations where just a simple microcontroller is warranted and AVR chips will always have their place there.