I think this would be extremly useful. Depending on the size of a project team members come and go. And a wiki is a good tool to keep the history and the "spirit" of a project available to new team members. I did that in many projects, and though the projects were already finished, all the informations are available.
One more idea: also try to integrate meeting schedules, minutes etc. If your team communicates via IM, try to integrate a log of the conversations.