I'm afraid I'll have to make some minor corrections to my
(alpha-version) pronunciation guide, sorry:

"ng ung [ng] unlike English, the 'g' is also
pronounced, even at the end of words"

That should be [Ng], as some sharp-eyed readers may have noticed by
now; trivial, yes, but I take my phonetics quite seriously :)

"œ [9:] doesn't exist in English; look for 'eu' as in 'feu' in
French"

That should be French 'eu' as in 'peur', not 'feu' (where it's
pronounced different).

Experts may disagree with certain phonetic values I've given; I
believe though that anybody who can pronounce according to this guide
should be able to communicate clearly with 13th century Icelanders,
which is after all the main objective.

This guide does not give approximations of any kind, with only a
couple of concessions made; it's intended for students taking a
puristic line in pronunciation. I may post two more pronunciation
guides in the future: a) English approximations (short-cutting the
pronunciation problem in the most acceptable way), b) Modern
Icelandic
(which most Anglo-Saxon ON experts use for ON).

Óskar