(Update the eruption has now started and the evacuation is underway.)
Map showing the latest earthquakes (green means within the last 24 hours, and a star means it is over magnitude 3.0) (Icelandic Met Office) .
The concern at the moment relates mainly to the melting of the glacier, and the resulting floods that will follow. There is not, at the moment, a great deal of evidence of a major eruption further up the line, which is where the big ones have happened in the past. However the linear activity of the recent quakes there, and then the larger one, makes it an area to keep watching. I am keeping a list of the dates, location and sizes of the quakes above 3.0 at the bottom of this post. I am also going to start adding depths, since the northern green star earthquake is only 1.1 km below the surface. However the ash plume from the volcano is starting to cause air traffic problems over Norway.
Update This is the photo of the eruption that mg talks about in the comments:
The comment notes:
The three red arrows show the locations of the eruptions under the ice. The blue arrow points north.The ice layer was 650 ft thick, before the eruption below it. Flooding that it has caused has already started to give problems. And if you want scale on the top picture Katla, the icecap to the East of yjafjallajokull is 12 miles away and under the Mýrdalsjökull glacier. The new fissure is about 1.2 miles long and the eruption is considered to be 10 to 20 times more powerful than that last week. There are web cameras set up to view the original eruption, and likely also the new one.
I have also just heard about the major earthquake in western China. I was in Xining City and drove around parts of Qinghai Province last year. One of the things that struck me is the number of small coal-fired brickworks, that were producing fired brick, and supplying a change from the mud brick of which most houses were constructed. Sadly that modernization was not fast enough, and most of the casualties are reported being buried under wood and mud brick buildings, though there are some concrete buildings (including a government one) that have collapsed.
Location of the Chinese Quake (BBC )
The area is remote, and difficult to drive around, so that rescue may be more difficult than in the previous large quake, and our thoughts and prayers are with the victims.