Innovative Uses for Educational Technology Funds?

RumGunner asks: "I work for a university, and we have a special 'technology' fee that is charged to students, intended to be used for focus on new technology of direct benefit to students either in the classroom or related educational/learning activities. Every semester there is a request for proposals on how to spend this money, and for the most part these proposals are fairly lackluster. Since I know there are a lot of .GOV and .EDU readers on Slashdot, I'm curious to see if anyone has any good ideas for large (or small) scale applications of new technology for the benefit of students?"