Here's the BBC's Guide to Icelandic Pronunciation. Pity the poor newsreaders.
As best as I can make out it's something like:
Ewe-gotta-be-fcking-out-'o-yer-skull
Which ended up being fairly popular.
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Here's the latest, from FromTheOld:
Iceland's Bárðarbunga volcano shows more activity lately
HT: ZeroHedge, prop traders and volcanologists.Bárðarbunga is a powerful stratovolcano in Iceland and is located under the ice cap of Vatnajökull glacier. With a massive high of 6591 feet above sea level that makes it the highest mountain in Iceland it also makes for some powerful volanic activity when it erupts.Sunday, September 26, 2010 - 14:21
Iceland's Bárðarbunga volcano is said to erupt every 250-600 years if scientists are correct. What many dont know is that the most powerful volcano eruption on earth happened at Bárðarbunga some time ago....MORE
That last statement re: most powerful is incorrect.
The eruptions that created the Yellowstone caldera were a bigger bang, something like 2000-2500 times as powerful as the Mt. St. Helens eruption in 1980.
Here's a list of some other biggies.
See also:
"How to short a volcano" (What did Eyjafjallajökull screw up?)