The "project" on the board is called The Unicounter-A Multi-purpose Frequency Counter/Electronic Dial from the December 2000 issue of QST. Its a programable frequency counter, using a Microchip PIC16F84 and one seven-segment LED display. The measured frequency is read out on the display in serial form. One can program, via the push button switch, the sampling rate, frequency resolution to be displayed, and either add or subtract a frequency offset( used to calibrate the counter and/or compensate for a mixer circuit that changes the measured frequency to some vastly different frequency). Up to eight different sets of frequency measuring parameters or profiles can be set up and quickly selected.
Also on the board, but not part of the orginial article, is a crystal oscillator I built to give the frequency counter a signal to measure for demonstration purposes and for me to learn how to program it.