You get 3 hours of lab time a week to build whatever you want. Then at then end of the semester you give a presentation explaining how awesome it is and why it will make you a million dollars.
We've decided that you can use this wiki for your project and create a page to collaborate with your partner. There are a few scattered about. Obviously, all the info you put there will be viewable by other people, so the risk is your own.
Victoria Xu will probably get an HD in this subject.