We had two students (Brandon Lai and Pascal Schuele) who worked on exploring the cloud computing space in Fall 2012. They built a demo/prototype of a private cloud platform on campus and presented at the end of the semester.
Thanks to advisory board member Stefano Maffulli of the Openstack Foundation to help us get started and to John Dickinson of SwiftStack for giving us the great architectural overview of Openstack. The report and slides are atached (CC licensed).
We hope to continue to expand this project in Spring 2013.