According to news reports the ash cloud from Eyjafjallajökull has reached the altitude of 31.000 feet, or just about 9.5 km above ground. I currently don’t know where the cloud is drifting. But I think it is drifting to Europe.
At current time it seems like that the eruption in Eyjafjallajökull continues to gain strength because of a new inflow of magma from deep within the Earth. The deepest earthquake so far recorded was at 29.6 km depth. But that is a great depth for a earthquake in Iceland to happen at. No signs of the eruption coming to a end.