Well, I'm not too up on it this year as I graduated last May. The last I heard, we weren't doing the FSAE competition, but the BAJA one this year.
Last year we used an R6 motor. We won a free CBR (I think, all I know is it was a Honda and it was a new one coming out) last year at the dinner / banquet.
Last year, we ran a simple bell-crank style suspension for the shocks/springs; against my wishes. That's what happens when the team leader disregards the advice of the rest of the team and it's suspension division's designer (me).