Typically done? Not on your life!
One of the librarians in my circle who has embraced the 2.0 tools almost longer than anyone I know recently shared her school's version of the "typical" project.
Yes, each student researched a Texas city...each one used typical resources available to them...print and digital. So they had experience accumulating information and using research skills.
The 2.0 finished project - trading cards using the Big Huge Labs site.
The interaction experience - ACTUALLY trading the cards (and some treats courtesy of the librarian)
The assessment - the librarian developed a checklist activity and found out the students really did learn facts about Texas cities...and did it in a fun way!
I am so fortunate to work with librarians (and teachers and school leaders) who recognize that learning CAN be done in interesting and creating ways...with fun thrown in!