A quick trip over at one of my favourite sites, Interactive Narratives, lead me to VuVox, a Web 2.0 multimedia authoring tool that stole my attention for about a half an hour.  There could be lots of useful applications of  tools like this in higher ed, in particular where multimedia development resources might be stretched, or where there is a desire for students to tell a story, explain, show understanding, or even synthesize in a multi-layered, dynamic way.  Robin Good provides a nice overview/how to on the tool