I like this historical tour of the University of Bath's web page, link courtesy of Lorcan Dempsey. Yet another PicLens enabled site.
As we at Watzek Library have pondered the idea of an institutional repository that would maintain an institutional record of born digital documents here at Lewis & Clark, I've often thought that it would make more sense to do wholesale web archiving of the entire Lewis & Clark web presence.
With an institution's web site acting as the defacto storage space for all sorts of documents and files, from faculty meetings, to programs for symposia, to course materials (some open, some not), an application like Archive-It (from Internet Archive) might be a lot more effective as an "institutional repository" than something like D-Space, which requires lots of time consuming user intervention to save things.
Luckily, the Internet Archive does this for us in a rudimentary sense even if we don't ask them to.