Actually it is believed that Iceland _does_ sit on top of a mantle plume as well as being on a plate boundary - the evidence is that there is apparently just too much magma being produced there to be just explained by oceanic ridge magmatism. The online article on "VOLCANOES, MANTLE PLUMES, and HOT SPOTS" linked to in the weblog mentions that hotspots can occur on plate boundaries.
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They're a customer of Level 3 & this guy gives his analysis of the issue (found in followups to the NANOG posting)
http://www.voxel.net/blog/2010/12/peering-disputes-comcast-level-3-and-you
Actually it is believed that Iceland _does_ sit on top of a mantle plume as well as being on a plate boundary - the evidence is that there is apparently just too much magma being produced there to be just explained by oceanic ridge magmatism. The online article on "VOLCANOES, MANTLE PLUMES, and HOT SPOTS" linked to in the weblog mentions that hotspots can occur on plate boundaries.