I'd missed all of this with the travel over the weekend and back to work yesterday.
I found two updates here and some of the information may help in understanding. It seems we have one Volcano with two sets of activity. First is the fissure lower down the volcano which is emitting lava.
Blog item.
From the blog
Considering how benign this eruption has been, the aviation alert even during the eruption today is only orange, mostly thanks to the almost total lack of ash
The eruption is ongoing and the article says it can carry on for over a year.
At the same time, the explosions going on at the edge of
Vatnajökull, are more concern. That type of explosion is caused by the melting ice sediment dropping into the lava chamber which is heating and expanding. Eventually it explodes, blowing the top off the lava chamber and causing the type of Volcanic eruption we are used to stopping aircraft.
Although, from what I read, the fissure eruption is allowing the lava to escape and reducing the pressure under Vatnajökull.
This is what I read between the lines. I haven't been following this actively and there are a lot of assumptions from Eric's posts that the people reading what he writes know the area well and where each activity is happening.
One other point I took from the article is that there is a pretty large SO2 outgassing. I'm assuming that this is what is causing the evacuations. Not any classic style of explosion, surge of water and pyroclastic cloud.
All a bit boring and confusing for people who are used to seeing things suddenly go bang then impact aviation etc.
If you want to do real time viewing of the Earthquakes going on in the Vatnajökull area, you can see them on the Icelandic Met Office
earthquake monitor page. It makes more sense at first look if you switch it to map mode.