Has the situation in Iceland changed much? I'm going with a couple friends in early January - cold and dark, I know, but I couldn't resist the low airfare.

Given what's happened to the local currency, I wonder what is the best strategy for spending money. Will I receive a better exchange rate if I bring a pile of USD and exchange it at a local bank, or should I stick with my usual strategy of using ATM and credit cards for most of my expenses?