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I own a Raspberry Pi and I can assure you that the Ouya will destroy it in raw computing power. Gaming is not, at all, a focus for the Raspberry Pi and that much was apparent with the selection of hardware. The CPU on the Pi is wonderful for video decoding and basic computing, while the Ouya has a significantly faster and more modern chip made for gaming. Not to mention the memory gap (Pi with 512MB on my ModelB and OUYA with 1GB).
If your goal is to have a media player, the Pi is definitely a financially smarter investment. XBMC doesn't use the hardware acceleration on Tegra3 (last I heard) which means the Pi will play movies better, but the Pi will fall very short when it comes to gaming while the OUYA will have no problem running some quality looking games (Shadowgun etc.).