I sure wish I already had the Rick Steves Iceland book, but as that won't be coming out until the end of March...
I've been pouring over Lonely Planet, Frommers, and the web. It seems like a 10-day drive of the Ring Road is very common, but I want a more relaxed pace. Not counting the days we fly into and out of Reykjavik, we will have 12 full days. I think we want to concentrate on the south between Reykjavik and Hofn and the north including Akureyri, Husavik, and Myvatn.
We'll be there in July. Since we plan to rent a car, one rough idea is to drive the Ring Road counterclockwise starting in Reykjavik and end in Akureyri, drop the car there and fly back to Reykjavik.
Another idea is to drop the car in Hofn, fly to Akureyri, rent a car for some days in the north, then fly Akureyri back to Reykjavik. Though I'm not sure we would really gain an appreciable amount of time doing this for the extra transportation shuffling and cost.
Would love suggestions. Thanks.