A new musical called Placebo was written by michigan students and was performed on campus in november. They are offering a free download of their cast album on their website. (Several of the singers are non-majors though.)
Interestingly enough, musicalsmom, Placebo was selected as one of Oklahoma City University's STRIPPED productions for its 2011 New Musical Festival. A 45-minute excerpt was performed February 6th and 5th here at OKCU.