However, the "Aha" moment came for me when, after producing several graphs, the student made and confirmed a discovery about assymptotes. He started to see a connection between the equation of the assymptote and the denominator of the rational expression. I'm not sure that he would have learned on his own by hand drawing the graphs. Because it takes so long to draw each graph, by the time he would get to the next graph, any patterns that he might see would be obscured.
In this case, the technology was used as a tool for discovery-based learning. Because of the connections that the student made on his own, I think that he will remember the concept much better than reading it in a textbook or having the teacher tell him. This, I think, is one of the best uses of technology in a math class, and one that I will now keep my eyes open for in order to encourage the same type of learning with other students.