No problem :)

Dalvik - Dalvík is just a tiny town/village in that general area, not much bigger than other nearby towns, so Dalvík if not a fitting name.
[This area would more correctly be called 'Tröllaskagi'.

Saudarkrokur - Same as with Dalvík, a more fitting name would be Skagi, which is what ...

Would you mind if I made some suggestions regarding territory&continent names?

I'm Icelandic.

When do you estimate this will start?
I'm in if there's room and if I'll have an open game spot

I'd like to sign up.
I'm a bit fuzzy though on how this 'faction' thing works, but nevertheless I guess I choose the Saxons, seeing as you left the vikings out...