new university

George Washington University is currently running a commercial product for content management and has decided it is not the best strategic fit for the institution. To that end, we have made the decision to move away from the commercial product and Drupal has been selected as the direction we will pursue.

I would be interested in knowing if others are doing a centrally managed Drupal installation as the enterprise CMS for a university? Are any institutions using Drupal 7? Thoughts on which version you would use if you were starting from scratch today.