This paper proposes a collaborative approach to enhancing the student learning experience based on Web 2.0 principles. Specifically, wiki Web sites are used by students for collaboration and for publication of course assignments, which are then shared with the class. Web 2.0 principles include: the Web as platform, harnessing collective intelligence, data are the next Intel Inside, and rich user experiences. Based on a case study in a junior-level undergraduate class, this paper studies a set of six factors with comprehensive grading and evaluation criteria that are critical to make this approach successful. The six factors are knowledge base, motivation, research, social aspects, presentation, and feedback and support. The data collected show that most of the students who participated feel that this approach is exciting and rewarding, and that even some undergraduate students are able to produce original and innovative concepts. The data also show other interesting phenomena with respect to motivation, undergraduate research, and social aspects. Finally, the paper proposes a methodology of conducting a wiki project in a university class using a cyclic constant improvement process. (Contains 2 tables and 5 figures.)