Since one of the main themes of this blog is beating you over the head with how much it costs to go to Iceland, here is a recent article from CNN.com that says just that (many thanks to PostitiveMode for the link). Basically, the article can be summed up in the final sentence: "This country is beautiful, the people are wonderful, but the prices stop you in your tracks." Agreed.
Just to be fair, I should point out that for all of the crap I write, and articles I link to, about how expensive Iceland is, I no doubt think that it's worth it. Although expensive, it is perhaps the most beautiful place I've ever been to. Also, I had some of the best times of my whole European vacation there. My advice to you: go to Iceland if you ever have the chance. If you don't have the chance, make one. Just save up before you go. . . .