How about a "social network" for research? It could be like Facebook, with every faculty/student/researcher having a profile, and ties to research topics and research labs.
This would have benefits:
# It would allow researchers to see what others are doing in their field without having to wait for publications or conferences.
# It would allow researchers to find others with similar interests.
# It would enable people to gather a broader view of research.
# Each research project could have vertical ties to the research it is based on, and horizontal ties to other research it is related to.
# Each researcher could have vertical ties to people they studied under (I know this is important to some people) and horizontal ties to classmates