UPDATE 30th JUNE: Storms are coming, the event is moved to Hljómskálagarður in Reykjavik, same time and still live on the interweb at 8pm (UK time). That's a shame, Seljalandsfoss would have been an awesome location – but RVK ain't bad either. Good luck everyone! Give me a wave.

So, Glasto 2010 is coming to an end, currently Stevie Wonder seems intent on dragging it out for as long as possible. And whilst it certainly has had it's moments (Ray Davies, Kele, Mr B The Gentleman Rhymer and more I'm sure) I like my music events a little smaller. Iceland Airwaves certainly fits that bill, but this week there's another event happening; small, amazing location, great bands, it pretty perfect.

On 1st July (Thursday) an array of musicians (Icelandic and international) will play at the incredibly beautiful Seljalandsfoss waterfall on Iceland's south coast. If you've done Iceland's south coast, it's that one you can walk behind, I think it was also one of those that turned somewhat 'ashy' grey recently. This beguiling event is backed by those clever types at Inspired by Iceland who have been making a bit of an impact recently on twitter, youtube (genius video!) and elswhere. And importantly, excitingly and reassuringly the whole event is organised and produced by ex- Sigur Ros manager Kari Sturluson – the guy who organised and produced the Heima documentary, so this guy knows about staging spectacular outdoor events. It's going to be awesome.

The list of Icelandic acts is pretty impressive – how about Seabear, Amiina, Lay Low, Steindor Andersen and Hilmar OrnHilmarsson, Hjaltalin, Hafdis Huld, Gus Gus, For A Minor Reflection, Parabolur, Dikta and Mammút? And the confirmed overseas acts are singer-songwriter Damien Rice and space-rock dudes Spiritualized (who have been busy rehearsing with an Icelandic choir for this one-off). So, you get it, this is a unique line-up in an inspirational location. You should be there. If not, you have some options – the whole thing will be broadcast live at www.inspiredbyiceland.com and you can come back here afterwards and, with any luck, you'll find some videos, photos and backstage stuff.