The raid caused negligible material damage to Japan, but it achieved its goal of raising American morale and casting doubt in Japan on the ability of its military leaders to defend their home islands. It also contributed to Admiral Isoroku Yamamoto's decision to attack Midway Island in the Central Pacific—an attack that turned into a decisive strategic defeat of the Imperial Japanese Navy by the U.S. Navy in the Battle of Midway. Doolittle, who initially believed that the loss of all his aircraft would lead to his court-martial, received the Medal of Honor and was promoted two steps to brigadier general.
I read 30 seconds of Tokyo in 5th grade. It's pretty aggro. It still makes me angry that there hasn't been a cinematic treatment of the whole thing since '44.
And no. Michael Bay's abortion on toast does not count.