I hope I didn't come off like I'm going to automatically shoot all suggestions to reinvigorate LW out of the sky. That's most of the problem with the userbase! I genuinely wonder what such a Class Project would look like, and would also be willing to participate if I am able.

Since my comment was written in the context of Nancy_Lebovitz's comment, I'm specifically curious about how one would go about molding current members into high-quality contributors. I see a lot of stuff above about finding ways to make the user experience more palatable, but that in itself doesn't seem to ensure the sort of change that I think most people want to see.