In wargames terms, it also has great potential for coastal warfare actions using Action Stations! or a similar set of rules. By coincidence, I picked up some of the excellent Langton Miniatures 1:200 scale WW1 coastal range very cheap via ebay a couple of years ago and have been looking around for something to do with them ever since.
There's some pictures of a completed, superdetailed and very well finished version of the kit here (the kit itself is fairly crude and in hefty plastic so ideal for wargaming):
I've also got one of Rod Langton's German coastal U boats so that could be incorporated somewhere in the project too, perhaps as a variation on the Kronstadt Raid but in reverse.