This is another picture Landmanalaugar, like the first and second one. Together with the glacier lakes, it might be one of the two greatest single landscapes, if one had to pinpoint a single thing on Iceland. The colours of the mountains are just otherwordly, and in the midst, you can see a (for icelandic standards) small waterfall. At the start of the fairly large plain (in the picture at the lower left), you can see some swans, enjoying the fresh grass and the small river there.
To get this compressing compositional effect, I again used my Sigma 70-200/2.8 with the 1.4x teleconverter, at a combined focal length of 160 mm (and aperture f8). (On terms of composition, the horizon is not tilted, the mountains move backwards.)
The highland road (we went on the F208) just opened a few days before we got there, so it was still quite empty, resulting in a great round trip hike, passing Brennisteinsalda, the "burning mountain", a name not that far away from the truth.
If you are interested, feel free to check out my whole Iceland set at my homepage, or rather the current state it is in. My favorites from there will get here onto flickr. Yes, I take proposals. :)