An Icelandic film, "The Last Farm", by Rúnar Rúnarsson and Thor S. Sigurjónsson is on the list of nominees for an Oscar for short films 2006. The musical score of the film was made by Kjartan (Kjarri), one of the members of the Icelandic band Sigur Rós.
This is the second time an Icelandic film has been nominated for an Oscar. The other was "Children of Nature" by Friðrik Þór Friðriksson (1991), nominated in 1992 for the Oscar for "best foreign language film".
I´m pretty sure that most people (300.000+) on our little island will be exited to hear the results on March 5th !