I am tempted... >.>; I dunno, if I get time I may give this a shot - it's a neat idea Pillbug!
A Warrior's Friend: ID 335212 - Help Infernal save Valkyrie from Battle Maiden.
Above Mars Part 1: The Wellington: ID 159769 - Save Mars by destroying a monstrous battleship from the inside!
>.> My DA page, where I attempt to art.
The exercises are designed to be simple and easy to complete in spare time, so don't worry too much about huge time commitments.
What? No other takers?
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What? No other takers?
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Of course not, who wants to learn from a rolly polie? I used to smush those guys! 
This would be fun, but I have time crunches otherwise I would participate. I still have several projects I need to draw up and get knocked out 
But I would look forward to the results!
I'd do this, but, uhm... I would make your program look really bad. I'd single-handedly bring down the entire GPA of your fine institute.
Yeah, I'm actually that bad.
Good idea PB, but yeh I'm kinda squished for time too.
Warm ups are good for both the body and the mind.
Ok, I've decided (rather arbitrarily) to post regular drawing exercises designed to help anyone who would like to improve the fundamentals of their technique.
Each exercise will last 3 to 4 days (as people often have work/jobs/etc and can't always sit right down and draw), at which time all participants post their results, and the class will spend a few days constructively evaluating and critiquing each other. After that, I'll post a new exercise.
Since many of the lessons will involve the human form, and we can't all get someone to pose for us (though if you can, that's really cool.) I'd recommend picking up one of these
They come in various sizes and start at about $5 at your local art supply store (or online retailer). An action figure will do in a pinch, but these little guys are about 10 times as articulated.
I'll also list any other materials you may need, but I'll try to keep it limited to things you find around the house or can pick up cheap at an accessible retailer.
So...the first exercise is this.
Shape.
For this exercise you will need.
1. A ceramic coffee cup, preferable of lighter color (white works best, because you can really see the shadows).
2. A desk lamp or other source of directional lighting.
The first half of the assignment is to make 8 different sketches of the cup from 8 different poses/angles, using the lamp to cast different shadows.
Then, pick four of those sketches and create four refined drawings.
(And yes, I will be doing this too).