I think doing a science project is a great idea.
Where do you live?
If you’re someplace that has creeks, yards, or any kind of wildlife (i.e., not in the middle of NY, Chicago, Toronto, or London) and that gets cold in fall and/or winter, you could do a mini-survey (or even just a collection) of organisms that manage to live through the winter.
Have you and your son looked at anything under a microscope together? I can tell you that there are some amazing little critters out there, just waiting to be discovered by the two of you. Do you know what a collembolan is? How about a pseudoscorpion? Did you know that beetles, like butterflies, have larval, pupal, and mature stages? Have you ever seen a dragonfly or mayfly larva? They’re really neat-looking, and they live for years as larvae before ever becoming adults!
If you’d like, I can give you some tips on good places to look for interesting insects, insect relatives, and microorganisms. (Have you ever heard of or seen a water bear? Those guys are some of the coolest creatures on Earth! They live through all kinds of environments that would kill us dead, and they can live for–no joke–hundreds of years.) I can also tell you of some neat-o collection techniques that are cheap and can yield wonderful results that will amaze you if you’ve never used those methods before.
Incidentally, you could follow up collecting and observing the little guys with some library research on how the creatures manage to make it through freezing cold winters. Many of them have ways of pulling through, despite the fact that they’re poikilothermic (cold-blooded.)
If you’re somewhere where it stays warm through the holiday season, you can still do an exploratory insect and other critter collection. Microscopes work in hot weather, too. And there are some wonderful ways that insects and microorganisms have developed to deal with extreme heat, or high salt content in water (a good thing to consider if you’re near the Great Salt Lake), or drought (important to critters in the desert), too. Wherever you are, plants, animals, fungi, and various microorganismic critters have evolved some sort of incredibly cool adaptation for those surroundings. If you’re somewhere warm, you could also do a survey of the plants that live near you, and learn about some of the neat ways they work.
Feel free to e-mail me if you’d like specific recommendations on collection techniques, identification books, or other sources of info.