Pros:
The few holes that are worth playing (probably the first few) are fairly typical and scenic. The baskets are nice quality. Tee pads are decent. Most the course is maintained. The surrounding park is excellent.
Cons:
The course flow is not apparent (I couldn't even finish) to the point that parts of the course seem to just be missing. The signage is not adequate. Holes are short. Some of the holes appear to be afterthoughts. Some of the tee locations are not marked or impossible to find without assistance from someone else. The course seems incomplete.
Other Thoughts:
At one point, I questioned whether or not I was playing in someone else's back yard; the course seems to just veer off into an awkward area of confusion. I don't like to tell people to skip courses, but unless this one is improved, I think it is worth your time to find another course in the area or spend your time seeing more of Iceland while you are in the area, or visiting the large, attached park; it is an excellent park.