I've done four class publication projects now with the Public Knowledge Project, through Digital Publishing in the library. This is both "authentic assessment"--in which students do complex real-world tasks and create a product--and "experiential learning" about editing and academic publishing.
I'm very proud of what the students achieved! ... For instructors thinking of doing a similar project, the second and third ones were less work for both instructor and students. The first one was WAY TOO MUCH WORK, and I wouldn't advise it unless it's the sum total of the course. By the fourth one, I'd learned to trim the workload, but the class was twice the size and the students were mostly third-year rather than about to graduate, as had been the case in my other publishing projects.