Why not visit Iceland? The optimal time seems to be in the summer (2007), and we will try to keep the cost around $1000 per person. If you find any good deals, travel tips, etc., post them here.
Iceland (Wikipedia entry)
Reyjkavik (Wikipedia entry)
http://wikitravel.org/en/Iceland (courtesy of Vinay)
http://www.bloggingreykjavik.net/ Contains photos from in and around Reykjavik. One look at some of these pictures, and you'll want to join us.
- Camping. From Wikitravel: "If you're travelling on a budget, camping is your best bet. There are sites located throughout the country, especially at places you'd want to visit. They range from fully-equipped (hot showers, washing machines, cooking facilities) to farmers' fields with a cold-water tap. Expect to pay 500-1000 Kr per person per night."
Nearly everyone in Iceland speaks English (English and Danish are taught in grade school). Nevertheless, it would be good to know at least a little bit of the language: