Thinking about moving to Iceland

Hallo everyone,

I just came across this forum and have read mostly all the previous posts. Hereby I would like to introduce myself a bit and ask a few questions.

I am strongly fascinated by North Europe since I was young. Being a literature/language major+freak, I am attracted by Iceland's unique language. Ive heard about that Iceland government offered scholarships for foreign students learning Icelandic, and I wanted to apply it so much! But unfortunately its not provide for the students of my country anymore. I also tried to apply for exchange student in University of Iceland, however with my not-so-good GPA i failed in the selection process : (

My dream for Iceland never stops. Now I am still seeking any opportunity to live/work/study in this amazing land. I am an EEA citizen's spouse currently living in Vienna, Austria. From my primary research, as an EU citizen's spouse (holding Austria residence permit for 5 years) I dont need another visa to live/work in Iceland, just need to register with local administration...is that correct?

I have a B.A in foreign languages and literatures (mainly English/Russian/literature/linguistics...), a Chinese Mandarin native speaker and speaking fluent English, basic German+Russian+Japanese. I dont speak Icelandic yet but with a strong will to learn. (just started online) I have worked three years in a hand-made chocolate shop, from making chocolate to selling. Also had some short summer jobs abroad experiences. Now I am freelance translating plus teaching Chinese Mandarin.

As I read from the previous posts, the job opportunities in Iceland are mainly built upon connections. I tried to google about some job vacancies but seems not so much, so is it really so hard to get a job without knowing any local people? Does Chinese-speaking (+English) work will possibly have any chances?  Or should I just try to email to the Icelandic companies and self-selling?

Studying might be another option. I am quite interested in the BA program- Icelandic as a second foreign language or MA program - Viking Medieval studies (old Icelandic!!) in University of Iceland. But I dont know if my chances to get admitted with be high with my bad grades back in university.

I would deeply appreciate if anyone could give me some advices regarding these. Thank you very much in advance.

Bests,
Ting