This is a fantastic place to stay if you want to live in a quiet neighbourhood, and especially if you have rented a car, since you can park in the street right outside for free. It was good value and really felt like coming home.
The only thing i could have some issues with, might be the Apple TV, since both me and my girlfriend have Android Phones, so we couldn't access any channels, but for those who have iTunes accounts, it's a really nice feature.
Free wifi that was password free weighs up the Apple TV though, and if you visit Reykjavik, watching tv might not be the main thing you want to do. There are many things to do instead.
I will indeed recommend this place to other people. =)