A backup of the archive has been hosted at Bibliotheca Alexandria in Egypt since 2002 [0] and is accessible at [1]. I'm not sure what the state of that project is but I guess it's not a "live" copy, the first link here describes an incremental upgrade over the years.
Agreed that Iceland would be a nice international headquarters.
[0] http://www.bibalex.org/en/project/details?documentid=283