I've done three publication projects now (a fourth in process) 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.