Hey, welcome to the forum. 04 comp eng graduate here. To Hell with Georgia and all that : P
Is your design group (or class) tracking and detailing their projects online? That would be pretty neat to watch from afar.
Battery swap is a great idea (gas-like "refuel" duration) with some HUGE practical limitations. To wit:
* standardizing on pack access and a small set of battery packs in a rapidly evolving industry that's currently producing fixed-pack bikes (Brammo) or proprietary quick-swap (Zero) bikes
* packs are worth several thousand dollars, securing inventory for an automated system is non-trivial
* bikes already provide commute-class ranges, many would never use the battery swap infrastructure or only very rarely
* all packs are not equal - a damaged, misbalanced or heavily used pack would be an unfortunate replacement for a previous known-good pack, especially if a customer uses the swap service only a couple times a year
* battery packs could be abused under a customer's care and then exchanged
Project Better Place is trying this with automobile packs, which seem like even more of a tough nut. So far they haven't had much success. I'd love to see a reasonable financial argument for such a system, since it does solve the range issue if well-implemented.