A valuable feature of Moodle (modestly tucked away) is the 'online text assignment', which creates a writing environment for every student within Moodle. This has numerous benefits as both a presentation tool and an efficiency tool.
With so much media-rich content on the web (audio, video and images) it seems a shame to write an essay or report on paper. The online environment makes embedding these media within the writing seemless.

So instead of just referencing a source, bring the source into the essay!
The online text assignment is 'efficient' as it is not stored (and lost) at home or on a notepad that gets lost. It is accessible by both the learner and the teacher at anytime from any connected computer. The learner can update it throughout the course of the assignment and the teacher can review and feedback on the work at any time with inline comments. These online text assignments are only visible to the individual learner and the teacher (not shared with the group like forum posts). The learner builds up an electronic portfolio, all in one place, easily stored easily accessed, easily reviewed.
At the end of the course I encouraged students to take their work with them, by starting an eportfolio - many used uniblogs, here's one example - http://fabien.uniblogs.org
The feedback from students about online text assignments majored on efficiency - not loosing work on a home computer or portable drive or piece of paper.

For the teacher, the advantages are awesome! Monitor and feedback on student work at any time (including inline comments), continual evidence of progress, no chasing-up submissions, easy access from anywhere. I used this Moodle feature in 2 subject areas - Music in Context and Music Business, Both are research and report type modules, ideally suited to an eportfolio.
From a course co-ordinators point of view, getting all students to submit work in these modules is a challenge, but in this year with Moodle, all students have successfully engaged with the assignments, so there will be no problem evidencing a pass for all learners.
A voice for every learner is an top-ten agenda in education. In the classroom, some students are reluctant to speak out, for a host of reasons. An online writing environment offers an alternative (and documented) space for every learner to have their say.