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This looks like an antenna for transferring data either in or out of these woods.
Icelanders are very keen on Information Technology. A greater fraction of the people have Internet access here than in any other country in the world and I believe there are websites giving live date from accross the country on all sorts of unlikely subjects. I'm going to look for a thorough weather site later. There must be one.
UTC Time: 14:10, Tuesday 28 August 2012
Local Time: 14:10, Tuesday 28 August 2012
Estimate of longitude: 14° 29' 50.68" W = -14.497410°
Estimate of latitude: 65° 11' 27.38" N = 65.190940°
Possible error on position estimate: 50 metres