As far as lifelife learning, the project is good in that it does tackle newer technologies and use on the web that is benefitical to know. Several resources such as NetLibrary and download audio books, wikis, and particularly podcasts, YouTube and blogs in general are ideal. Learning 2.0 does make it a nice environment in that so much is provided that you can sample a little or try a lot.
If I could mention any unexpected outcome from the program, it's that several activities had more creativity and imagination than I had expected such as Flickr.
And as far as improving an activity like this, I don't have a quick ideal but the MP3 giveaway and laptop drawing is good. Finally, I would do another Learning 2.0.