With Alert Level Lowered From Red: "Short update on Bárðarbunga volcano at 12:07 UTC"

Following up on last Monday's "Iceland Volcano Bárðarbunga set to erupt (and it's bigger than Eyjafjallajökull)"
(took ya long enough Bárðarbunga Dude)

From Iceland Volcano and Earthquake blog:

This is a short update on Bárðarbunga volcano. Due to the fast change that is now taking place in Bárðarbunga volcano this information is going to get outdated quickly.

• Earthquake activity now is extremely dense. With 3 to 5 earthquakes taking place every second (best estimate that I have made).
• Earthquakes have increased in magnitude.
• General activity appears to have increased in Bárðarbunga volcano. Even if no major eruption has yet taken place.
• There is currently no signs of this activity stopping any time soon.

...MUCH MORE