Heather Morrison thought up a very creative final assignment for her recently concluded course, Issues in Scholarly Communication and Publishing, at the University of British Columbia. Students not only wrote final papers, but they assembled them into a sample issue of an OA journal, using Open Journal Systems software. The sample journal and its inaugural (and final) issue are now online. Also see Heather's detailed post on the course blog for some background on how the class produced the journal.
The open access movement:
Putting peer-reviewed scientific and scholarly literature
on the internet. Making it available free of charge and
free of most copyright and licensing restrictions.
Removing the barriers to serious research.
I recommend the OA tracking project (OATP) as the best way to stay on top of new OA developments. You can read the OATP feed on a blog-like web page or subscribe to it by RSS, email, or Twitter. You can also help build the feed by tagging new developments you encounter.