Recently spent a few days in Reykjavik on the way back from the UK and got into the quite awesome music scene over there. Actually, I've been into Icelandic music for a while but didn't get a chance to experience it first-hand until now.
Most of the record shops in RVK (yeah I'm cool like that) are just full of overpriced vinyl but I did find this nice shop/record label called 12 Tónar where I was able to sit around listening to CDs and drinking coffee for free! Bloke there recommended I check out the INNIPÚKINN music festival over the holiday weekend. I asked another guy for an Icelandic experimental electronic music recommendation. Among the acts he suggested was Futuregrapher. I ended up buying his last album Skynvera which you can listen to here:
Sounds quite good on headphones, like Aphex Twin which is probably what he was going for. Can't really get into it properly though (also like Aphex Twin).