Though some of the information is now old, I thought i would post it in case someone found it useful. Though some of the information is now old, I thought i would post it in case someone found it useful.
The instructions are here. In your teams I want you to create something with your land. You will need a theme, an entry point, some type of navigation, and something interactive or a "feature".
Four student teams had 4096m plots of land in Second Life to build a theme and to host the class for 15 minutes. This is what they came up with. (5 weeks into the semester)