http://www.rte.ie/news/2010/0819/iceland.html

<< On 16 June a unanimous parliament voted in favour of the Icelandic Modern Media Initiative, a resolution aimed at protecting investigative journalists and their sources.

'We took all the best laws from around the world and pulled them together, just like tax havens do, in order to create freedom of information and expression, a transparency haven >>

Ireland has quite difficult Slander and Libel laws. Also discussion of various topics can be deemed "illegal" or "criminal".

There is fibre from Iceland to Europe and USA. They also have cheap electricity. Atmosphere cooling of data centres is viable too. So a good place to have your hosted virtual server or build your next Data Centre?