Yes it will serve web pages. This is from memory so I may be off a bit...
The web page memory is something around 128kb. You create the HTML with whatever you use for that, then the iChip has software you can download to convert you HTML into an image file that lives on the iChip. You can have "parameters" in the HTML that become dynamic via serial input.
Like I said, from memory. Only played with that part a little.
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