Kalmar University College, in Southeastern Sweden, is planning on setting up a presence in Second Life. The project is a collaboration with the University of Central Missouri in the US, and Molde University College in Norway:
The three colleges will build virtual buildings and virtual classroom spaces on these islands. The partners will also develop a variety of activities that support different segments of their real life student populations as well as allow for cross communication between the student bodies.
The combined space wil consist of two sims (“islands”) called the Kamimo Islands. You can read more about the project here.
Update: Of course there is a blog, Kamimo Islands.