As neologisms go, and like any SL resident I'm used to more than a few, Skoolaborate is one that feels ugly, but represents a wonderful new project. I'm adding their RSS to my feedreader right now.

The aim of the project is to have schools from around the world have their own space, allocated by time zone, and with a time zone specific co-ordinator, collaborate on range of projects to promote global citizenship and information about cultures and the like, and to make it available to other students from other time zones and cultures. The time zone specific co-ordinator will let the schools work at good times for them, whilst they'll be able to use the other areas to see how people their age see their own cultures.

Sadly it's a teen-grid project so most of us won't be able to visit it, but it is an interesting project nevertheless, and another cracking example of the sorts of things SL will enable us to do more easily than anything else I've seen to date.