Are we starting to see some harmonic tremors? If so, it could be the start of something really big. According to latest estimates if Bardarbunga errupts and causes a jökulhlaup it will release up to 25,000 cubic meters of water per second. Link - The text is in Icelandic, but Google translates it as:
"The IMO assumes the possible floods in the mountains Jökulsá could amount to 25 thousand cubic meters per second. According to a new preliminary assessment of flooding if the eruption Bárðarbunga causing glacier run.
The flood would reach the blowout lava within half an hour, we go Upptyppingar two hours and went past the mountain after three and a half hours."