> Haven't we had that for decades? I seem to remember
> reading a shortened modernized version of Laxdæla
> saga in school.

Probably this one:

Laxdæla saga. Gunnar Karlsson stytti og endursagði. Reykjavík,
Námsgagnastofnun, 1995.

I don't personally see much wrong with this sort of thing. I've read
similarly simplified versions of French works of literature with some
pleasure.

Regards,
Haukur