The main different is that Erlang doesn't have syntactic sugar for a single-variable lambda function. However, the total number of tokens is almost the same.
Maybe I'll take some ideas from Arc and use them in ErlyWeb :) Thanks for the illuminating example -- I've never seen this kind of programming style before.
I've been thinking about this challenge in terms of Erlang idioms and worked up a (very) minimal web framework using yaws. With SPEWF < http://code.google.com/p/spewf/ > this might look like: