Came across ADITL - A day in the life of MIT.
They describe the project as:
"About the event and site On April 21, 2005, over one hundred people from the MIT community documented a single day in photographs. Together they took more than six-thousand pictures in the twenty-four hour period. ADITL.mit.edu Is a collective photo blog of sorts, and is the repository for these photographs.
ADITL is sponsored by Technique, the yearbook of MIT"
This sounded like a exciting idea, one that I would like to try out at Wharton or maybe later in any start-up I do. In the company setting it could be a fun team building exercise. With the proliferation of digital cameras and availability of internal portals it should be relatively economical to execute as well.