Nordic Countries - Advice re Reykjavik, Iceland?

Hi - I am taking a spur of the moment trip to Reykjavik for Memorial Day weekend (arriving Friday first am, returning Monday afternoon). Anyone have suggestions on how best to use my 3.5 days there, or other advice re my trip?

(I've tried to search for prior posts on this, and will continue to do so, but most results are re the volcano.)

It's a small town and the more-interesting parts of it don't require more than 1/2-3/4 day to see. Really.

I spent three nights in Reykjavik in March, and would agree that there's not all that much to see in town, however, it's worth considering either hiring a car or taking a couple of day trips through a tour company.

I did three tours through Reykjavik Excursions (http://www.re.is/) and also took advantage of their airport transfer service (Flybus). I'd happily recommend any of the excursions I took.

The first was to the blue lagoon, a thermal pool about 45 mins out of town. The day I visited it was cold and raining, but it was a unique experience floating around in the toasty warm mineralised water with the cool rain droplets plopping down on my face. I'd recommend you do this excursion on the way to or from Keflavik airport, as it's on the way, and closer to the airport than to town.

I also did a Northern Lights tour (saw the lights, albeit not very clearly as it was cloudy) and a "Glacier Adventure" tour to Mýrdalsjökull glacier which also included a one-hour snowmobiling session (exhillerating and terrifying in equal measures). The glacier tour can also be taken as a "walking on the glacier" option for those of a more pedestrian bent. The bus driver/tour guide told us loads of interesting information about the country and its history, and we stopped off at some scenic spots on the way there and back.

I stayed at Hotel Borg in the centre of town, a beautifully renovated Art-deco style hotel.

Although tours and accomodation were fairly reasonably priced, I found food and drinks to be very pricey (about $12AU for a glass of wine in a bar, and $60-80AU for dinner each night). Having said that, I'm celiac so I had to be careful about where and what I ate, you could get by more cheaply if you were prepared to self-cater or go for cheaper options such as pizza and fast food.

In March of 2008, I took an Icelandair package deal for 3 days/2nights. As others have said, Reykjavik itself was rather underwhelming. A quaint little town, but not a whole lot going on there. I spent a 1/2 day walking around town and wandering in and out of the shops. The next couple of days I took 2 of the Reykjavik Excursions (www.re.is) day tours and very much recommend them. I did the full day Golden Circle as well as the 1/2 day Reykjavik Grand Excursion. Really think using their tours is by far the best way to see the area.

Sounds like Reykjavik Excursions is the way to go. Will do. Thanks folks.